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Home  » Business » Be in touch with nations: India tells IMF

Be in touch with nations: India tells IMF

Source: PTI
June 01, 2011 14:45 IST
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Indian flagIndia 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 (ArvindVirmani) in the International Monetary Fund to talk to various countries", Finance Minister Pranab Mukherjee told reporters in New Delhi.

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 foran aspirant for the top post.

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