25 May '11, 8am

Indian IMF candidate ruled out because of age

NEW DELHI: India's top candidate for the vacant managing director role at the IMF has been ruled out because he is too old, New Delhi's representative at the lender has said. IMF executive director Arvind Virmani said senior Indian economic adviser Montek Singh Ahluwalia was a fine candidate, but he was over the International Monetary Fund's age limit of 65. "He has excellent qualifications, but will not qualify because of the current bylaw of the IMF which states the candidate must be 65 years of age or below," Virmani told India's NDTV news channel in a broadcast aired Wednesday. No other possible Indian candidate aside from 68-year-old Ahluwalia, a former IMF executive who helped spearhead India's liberalisation drive, has surfaced. Virmani's comments were aired a day after India and the world's other large emerging economies slammed Europe's push to lock up the IMF job...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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