Pranab: in touch with other finmins to select IMF chief

May 24, 2011 |

Reuters

New Delhi

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Finance Minister Pranab Mukherjee said on Tuesday he was in touch with other finance ministers for the selection of the next IMF chief.

Two Indian government sources on Monday told Reuters India favours emerging economies jointly putting forward a candidate to head the International Monetary Fund, even if their bid is ultimately unsuccessful.

French Finance Minister Christine Lagarde has emerged as a front-runner to take over, but developing economies, with growing global clout, are keeping pressure on Europe and the United States to avoid a backroom deal over the appointment.

On Monday, Mexico nominated Agustin Cartens to succeed Dominique Strauss-Kahn, although Brazil, Latin America's leading economy, appeared reluctant to back him.

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