Mexico's candidate to lead the International Monetary Fund on Friday called on Japan for support in his battle with France's Christine Lagarde for the top job as he met with officials in Tokyo.Agustin Carstens, 53, the governor of Mexico's central bank, is the clear underdog in the race to become the next managing director of the IMF following the resignation of Dominique Strauss-Kahn last month.
Spain said Tuesday it would support Mexico's Agustin Carstens for the post of IMF head under an agreement it has with Latin American countries -- although it would prefer France's Christine Lagarde.Spain shares a seat at the International Monetary Fund with Mexico, Venezuela and four smaller Central American nations, Finance Minister Elena Salgado said.As a result of the alliance, if one of the countries sharing the seat presents a candidate, the others must vote for that person, she said, even if Spain represents 35 percent of the votes among those countries.
France's Christine Lagarde and Mexico's Agustin Carstens have been selected officially as candidates to lead the International Monetary Fund, officials with the global lender said. However Stanley Fischer, 67, the head of Israel's central bank who made a late run for the post, was not chosen as an official candidate, the IMF said. It did not cite a reason but did mention the Fund's by-laws, a set of rules that includes one stipulating that its managing director should be under age 65.
Mexico's Agustin Carstens was due in India on Friday to press his case to be the next chief of the IMF, as he and rival candidate, France's Christine Lagarde, criss-cross the globe to garner support.The Mexican central bank chief has presented himself as the developing world candidate, saying last week that his cause "is something that emerging countries have advocated and which we have to continue to work for."
Latin America deserves a stronger voice at the International Monetary Fund, Mexican central banker Agustin Carstens said Wednesday in seeking Brazil's support for his bid to lead the global finance organization.Carstens met with Brazil's Finance Minister Guido Mantega just two days after France's Finance Minister Christine Lagarde visited to try to get Brazil to back for her IMF candidacy.