MEXICO CITY (Reuters) - Group of 20 policymakers are hoping for a signal this weekend that Europe will boost crisis funding, smoothing the way for a deal to increase International Monetary Fund resources, the head of Mexico's central bank said on Wednesday.
Reuters - Group of 20 policymakers are hoping for a signal this weekend that Europe will boost crisis funding, smoothing the way for a deal to increase International Monetary Fund resources, the head of Mexico's central bank said on Wednesday.
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.
Greek crisis is accelerating once again, predictably, given the deadlines and debt redemptions looming. So what's worth reading on the subject this am?Start with @FT's Martin Wolf and his "Mythology that blocks progress in Greece". It is good… as a summary of key myths surrounding Grexit. But...
WASHINGTON (Reuters) - A G20 leaders' summit in Mexico on June 18-19 is likely to focus on ways to spur global growth, job creation and the euro zone debt crisis, the International Monetary Fund said on Thursday. IMF spokesman Gerry Rice told reporters the G20 meeting of developed and developing countries would also assess progress made in raising new resources for the IMF, denying there was backtracking or delays by some donors to make good on their funding promises of $430 billion. ...
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.
Reuters - France and Mexico have put forth strong contenders to replace Dominique Strauss-Kahn as head of the IMF, Canadian Finance Minister Jim Flaherty said on Wednesday, suggesting Ottawa will not endorse its own central bank chief as a candidate.