Lagarde to seek support for IMF candidacy in Brazil

28th May 2011, Comments 0 comments

French Finance Minister Christine Lagarde plans to travel to Brazil on Monday to seek support for her candidacy to lead the International Monetary Fund, the French embassy said Friday.

It would be her first stop on a tour of emerging powers that is also expected to include visits to China and India.

Lagarde will have lunch with her Brazilian counterpart Guido Mantega and will also meet with the Brazilian central bank president Alexandre Tombini, the embassy said.

The French finance minister is the favorite to succeed Dominique Strauss-Kahn, who has been charged with sexual assault in New York, as the head of the international financial organization.

The so-called BRICS, the group of emerging economic powers that includes Brazil, Russia, India, China and South Africa, have criticized the Europeans' grip on the IMF, but have not yet agreed on a candidate of their own.

© 2011 AFP

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