ID :
185940
Wed, 06/01/2011 - 17:30
Auther :

India tells IMF representative to be in touch with countries

New Delhi (PTI) - India has asked its executive
director in IMF to stay in touch with different countries on
the issue of selection of the new IMF head even as the front-
runner Christine Lagarde planned a visit here soon.
"We have suggested to our executive director (Arvind
Virmani) in the International Monetary Fund (IMF) to talk to
various countries", Indian Finance Minister Pranab Mukherjee
told reporters here.
Besides French Finance Minister Lagarde, seen as a strong
candidate, there are four to five other aspirants in the race
for the post vacated by Dominique Strauss-Kahn.
Mukherjee said candidates from Mexico, South Africa,
Singapore and Kazakhstan have also expressed their
desire to be in the reckoning.
IMF has been traditionally headed by a European, while
the top position of the World Bank is occupied by a candidate
from the US.
Europe and the US have a combined voting share of over
50 per cent in the IMF and hence their support is crucial for
an aspirant for the top post.

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