03 Jun '11, 11am

DTN Singapore: IMF contender Lagarde to woo Africans: PARIS - FRANCE'S Finance Minister Christine Lagarde will

DTN Singapore: IMF contender Lagarde to woo Africans: PARIS - FRANCE'S Finance Minister Christine Lagarde will

France's Finance Minister Christine Lagarde will meet with African counterparts on June 10 in Portugal to lobby support for her bid to lead the IMF global lender, her official agenda showed on Friday. -- PHOTO: AFP PARIS - FRANCE'S Finance Minister Christine Lagarde will meet with African counterparts on June 10 in Portugal to lobby support for her bid to lead the IMF global lender, her official agenda showed on Friday. Ms Lagarde, backed by top European leaders to take over the post, will meet the African ministers in Lisbon after visiting India and China in an effort to stem resistance from emerging powers who say the job should go to a non-European. The IMF top job has traditionally been held by a European and the leadership of its sister organisation, the World Bank, by an American. Emerging powers, notably Brazil, India, China and South Africa, say this system is outd...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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