Stanley Fischer has applied for the top IMF post. He has a wellpaying job as head of the Bank of Israel and only last year he was appointed to a second five-year term. He said:
"An extraordinary, unexpected and once-in-a-lifetime opportunity has arisen, to run for the head of the International Monetary Fund, which I decided I wanted to do after many considerations."The international financial media doubts his chances. Never had an African native been appointed to such post.
Despite Fischer's achievements, the position may be a long-shot for the Zambia native. The post has traditionally gone to a European, and French Finance Minister Christine Lagarde has emerged as the front-runner.