The Board of the International Monetary Fund has issued a seemingly matter-of-fact statement concerning the status of the Fund’s investigation of its Managing Director Dominique Strauss-Kahn and allegations of abuse of power in a relationship with a subordinate.Â The purpose of the statement seems to be to address an inference that might be drawn from media reports that some members of the board were gunning for DSK — in particular the person in overall charge of the probe, Shakour Shalaan, who is Egyptian.Â Egypt is on a quiet roll in international policy circles at the moment with its finance minister becoming chairman of the International Monetary and Financial Committee, the first developing country minister to get that job.Â But don’t leap to the conclusion that Egypt must have had the trump card to explain this success:
The Executive Board appoints the Managing Director, and it is the responsibility of the Board to oversee governance of the institution. In turn, by tradition the person designated Dean of the Board is its longest-serving member. Mr. Shaalan has served on the Board since 1992.
Translation: this stuff just landed on his desk because of his position, not because anyone was digging for dirt.Â And the big picture is that to the extent DSK is in the soup, he put himself there.
UPDATE: The Wall Street Journal editorial page can’t resist the DSK-Wolfowitz comparison.