IMF short lists candidates

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The International Monetary Fund (IMF) has confirmed that it has short listed two candidates for the post of managing director. Now, French Finance Minister Christine Lagarde and Governor of the Bank of Mexico Agustin Carstens are the two top contestants for the job.

“The Executive Board will meet with the candidates in Washington DC and, thereafter, meet to discuss the strengths of the candidates and make a selection,” the fund said. The selection is expected to complete by the end of this month.

Currently Ms. Lagarde has a lead with support from the European Union, Egypt, United Arab Emirates and Indonesia. While her competitor is backed by the Latin American countries.

The post became available after the former head of the IMF Dominique Strauss-Kahn resigned following alleged sexual assault charges on him.

Source: BBC, REUTERS

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