Palestinian PM Supports Israel's Stanley Fischer for IMF Top Job

Salam Fayyad, former senior IMF official, says Bank of Israel governor would make a 'great managing director' for the world financial body.

Bank of Israel governor Stanley Fischer has a new and unexpected supporter in his bid to head the International Monetary Fund: the Palestinian prime minister.

Salam Fayyad says Stanley Fischer would make a "great managing director" for the world financial body and is a "superb human being."

Fayyad and Fischer - AP and Bloomberg
Palestinian Prime Minister Salam Fayyad, left, and Bank of Israel governor Stanley Fischer, right.AP, Bloomberg

The Palestinian Authority does not participate in the selection process, but Fayyad said if he had a vote, he would cast it for Fischer.

Fayyad, a U.S.-trained economist and former senior IMF official, told the Associated Press on Sunday that he has known Fischer for two decades, since the two worked together at the IMF.

A Zambia native and internationally respected economist, Fischer has headed the Bank of Israel since 2005. He announced his candidacy for the top IMF job on Saturday.