Mexico's central bank chief Agustin Carstens pitched his bid to lead the International Monetary Fund on Tuesday to the IMF executive board, calling for increased resources.Carstens, the emerging-market candidate vying against European rival Christine Lagarde, told the board the 187-nation IMF needs more funds from its members."The IMF is not all it could be," Carstens told the 24-member board, which plans to choose between the two candidates by the end of June.
Mexico's central bank head Agustin Carstens auditioned for the International Monetary Fund's top job at the organisation's Washington bureau on Tuesday. His chief rival, French Finance Minister Christine Lagarde, will make her case Wednesday.
France's Christine Lagarde picked up an endorsement from China Monday, raising her chances to become head of the International Monetary Fund despite grumbles from some nations over Europe's lock on the job.The global crisis lender's executive board was expected to make the decision between Lagarde, France's finance minister, and Mexican central bank chief Agustin Carstens as early as Tuesday.