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Article: Kemal Dervis: A Fireman's New Blaze.(Interview)
- Article from:
- Newsweek International
- Article date:
- May 23, 2005
- Author:
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Byline: Owen Matthews
Recently named head of the United Nations Development Program, Kemal Dervis is the first of what U.N. Secretary-General Kofi Annan hopes will be a series of prominent outsiders brought in to head U.N. agencies under new rules that open senior jobs to international competition. Dervis, a former World Bank executive, was credited with saving the Turkish economy from disaster after a currency crash in May 2001. His steady management turned a crisis into an opportunity: aided by a massive IMF bailout, the inflation-plagued Turkish state finally imposed fiscal discipline, and a cronyish banking sector was heavily pruned. U.N. critics hope that ...
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