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.
The competition for the top job at the IMF turned into a two-horse race Saturday, after the deadline for nominations closed with only Mexico’s Agustin Carstens, and France’s Christine Lagarde still running. Lagarde is widely expected to get the job.
Mexican central banker Agustin Carstens, pressing his case for the top IMF job, said he sees a lack of European "credibility" in seeking one of their own to lead the world finance body."It is clear that for the moment, they (European nations) have not managed to get to a situation where they have full credibility," Carstens told AFP on Wednesday, during a visit to Brasilia, where he met officials on his candidacy to head the International Monetary Fund."So they need to make more efforts."
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.
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.
French Finance Minister Christine Lagarde on Wednesday took her campaign to lead the International Monetary Fund directly to the IMF officials who will choose between her and her Mexican rival.Lagarde is up against Mexican central bank chief Agustin Carstens, who has been billed as the candidate of the world's developing economies, which have never before been represented in the position of IMF managing director.
Mexico's candidate to head the International Monetary Fund began two days of meetings Monday with IMF officials, while his French rival is due to make the rounds on his heels, a person close to the institution said."For (Agustin) Carstens it's today and tomorrow. For (Christine) Lagarde it will be on Wednesday and Thursday," the person told AFP.