Carstens gets backing as IMF chief

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Carstens gets backing as IMF chief

robmij
Source: Business Report

A dozen Latin American countries have thrown their support behind Mexican central banker Agustin Carstens' bid to become the new head of the International Monetary Fund.

The countries expressed support for Carstens “and invite other governments in the Americas to join” them, said Colombian Foreign Minister Maria Angela Holguin, reading out a statement at the general assembly of the Organization of American States (OAS) that concluded here on Tuesday.

The nations, said the statement, are convinced “of the need to promote greater participation of emerging economies in the region” in selecting the replacement of Dominique Strauss-Kahn as head of the world finance body.

The countries backing the 52-year-old Mexican banker were Belize, Bolivia, Colombia, Honduras, Guatemala, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Uruguay and Venezuela.

Under a tacit agreement, the leadership of the International Monetary Fund has been held by a European since its founding in 1945, while an American has occupied the top job at the World Bank.


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Re: Carstens gets backing as IMF chief

Javier Mosqueda
If DSK has been known for his appetites, this one also has its "virtues"











Javier
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