Carstens cites Lagarde conflict of interest at IMF

13th June 2011, Comments 0 comments

Mexico's Agustin Carstens said Monday that his French rival to run the IMF, Christine Lagarde, might have a conflict of interest, because of Europe's high borrowing from the crisis lender.

"I also think there could be a conflict of interest," Carstens said of the French finance minister, the favorite to become International Monetary Fund managing director.

"We'd have a situation where the borrowers dominate a creditor institution. I think that's an issue we should consider," Carstens said.

© 2011 AFP

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