03 Jun '11, 6pm

Merkel, Obama to discuss IMF role of developing world #afpworldbusiness

BERLIN : German Chancellor Angela Merkel and US President Barack Obama will discuss the role of developing countries in the International Monetary Fund in talks next week, a source in Berlin said on Friday. The senior German official, who spoke on condition of anonymity, said Merkel and Obama would talk in Washington about "whether it is set in stone that an American is always head of the World Bank and a European at the IMF". They will discuss "how we deal with developing nations" within the IMF in future, the official said. Germany strongly supports French Finance Minister Christine Lagarde for the IMF post vacated last month by Dominique Strauss-Kahn after the Frenchman was arrested and charged with sexual assault in New York. And last week US Secretary of State Hillary Clinton said she "personally" welcomed Lagarde's candidacy for the IMF leadership, although she noted...

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

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