The Managing Director of the International Monetary Fund, Mr. Pierre-Paul Schweitzer, has stated he will?
GV and SV Int. Mr. Schweitzer on platform facing newsmen.
CU Schweitzer speaks.
PIERRE-PAUL SCHWEITZER: " The question has been raised by executive directors about the decision of who should be the next managing director, myself or somebody else. I have expressed my willingness to continue to serve until my sixty-fifth birthday if that was the clear wish of the directors. There is no use in denying it that the United States authorities have informed me that they took a negative view concerning my reappointment. It is not true that I have given in my resignation or threatened to do so at any given time. It is not a personal question of Pierre-Paul Schweitzer it is the question of the executive first as representatives of the whole membership to serve. The question of what will be in the best interests of the fund is the question which one would have to consider.
Initials PK/JM 16.49 PK/JM 17.07
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Background: The Managing Director of the International Monetary Fund, Mr. Pierre-Paul Schweitzer, has stated he will not bow to pressure to resign his position unless he is convinced it is in the interests of the world financial body.
Speaking at a press conference yesterday (23 September), on the eve of the opening of the annual meeting of the 124-member fund and world bank, he said he could not deny that the United States had indicted doubts about his reappointment.
The sixty-year-old financial leader has been head of the I.M.F. since September 1963. Although the United States has not asked for his resignation, U.S. officials are reported to have said they will not support his re-election when his current term expires next September.
Mr. Schweitzer explained his position to newsmen.
SYNOPSIS: In Washington, the Managing Director of the International Monetary Fund, Mr. Pierre-Paul Schweitzer, has made a statement on his re-election when his current term expires next September. The sixty-year-old financial head who has been I.M.F. chief since 1963, told newsmen.....