Reuters - Mexican Central Bank Governor and IMF-contender Agustin Carstens rebuked his European counterparts on Thursday for reneging on their promise to back a non-European to head the fund and vowed to give emerging powers more say if elected.
BEIJING (Reuters) - Mexican Central Bank Governor Agustin Carstens, who is contending to lead the International Monetary Fund, said on Thursday that he held "fruitful" talks with Chinese officials over his candidacy.
Reuters - Mexican Central Bank Governor Agustin Carstens, a contender to head the International Monetary Fund, said on Friday that it would be premature for him to comment on whether he earned Japan's support for his bid to become head of the fund.
TOKYO (Reuters) - Mexican Central Bank Governor Agustin Carstens, a contender to head the International Monetary Fund, said on Friday that it would be premature for him to comment on whether he earned Japan's support for his bid to become head of the fund.
Washington (AFP) - The International Monetary Fund was launched in 1944 with the world's new superpower, the United States, in position as the key force and shareholder in the global crisis bank.Today, China is on the verge of becoming the world's largest economy.
In one of the day's more puzzling developments, the Mexican peso tumbled on news that the head of the Mexican central bank, Augusten Carstens, who several years ago competed against Christine Lagarde for the top IMF post, announced he would unexpectedly stand down from his post next July. The term of the 58-year-old Carstens, who headed the central bank since 2010, was due to conclude at the end of 2021, which makes today's announcement particularly surprising.
WASHINGTON: The International Monetary Fund's steering committee on Saturday urged member countries to boost "growth-friendly" spending and said the Fund should explore new lending tools to help countries deal with slowing global growth. "Downside risks to the global economic outlook have increased since October, raising the possibility of a more generalized slowdown and a sudden pull-back of capital flows," the International Monetary and Financial Committee (IMFC) said in a statement issued after its meeting here.
Canada and Australia said that they will support the bid of Mexico's central bank governor Agustin Carstens to be the next IMF managing director.A statement late Friday from Canadian Finance Minister James Flaherty and Australian Finance Minister Wayne Swan said that the two countries will support the long-shot bid by the 53-year-old Mexican economist, who worked at the International Monetary Fund from 2003 to 2006.