14 Jun '11, 1am

France's Christine Lagarde & Mexico's Agustin Carstens named official candidates for top IMF post

France's Christine Lagarde & Mexico's Agustin Carstens named official candidates for top IMF post

A combo of file pictures shows French Finance Minister Christine Lagarde (right) and Mexican Central Bank Governor Agustin Guillermo Carstens (left), who were officially selected as candidates to lead the IMF. -- PHOTO: AFP WASHINGTON - FRANCE'S Christine Lagarde and Mexico's Agustin Carstens have been selected officially as candidates to lead the International Monetary Fund, officials with the global lender said on Monday. However Stanley Fischer, 67, the head of Israel's central bank who made a late run for the post, was not chosen as an official candidate, the IMF said. It did not cite a reason but did mention the Fund's by-laws, a set of rules that includes one stipulating that its managing director should be under age 65. Ms Lagarde is France's finance minister, and Dr Carstens is the Mexican central bank chief. The 24-member IMF executive board was to begin weighing ...

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

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