IMF top job contender Lagarde to visit Washington: ministry

18th June 2011, Comments 0 comments

French Finance Minister Christine Lagarde, the leading candidate to take over as head of the IMF global lender, will visit Washington next week, her ministry said Friday.

Lagarde will fly out on Tuesday for Washington and remain there until Thursday, a member of her entourage said but did not specify if she would meet the International Monetary Fund's executive board.

The 24-member board plans to meet with both Lagarde and the other candidate, Mexican central bank governor Agustin Carstens, to review their qualifications with an eye toward making a consensus choice by June 30.

Europe has maintained a 65-year lock on the top job at the Washington-based lender according to an unwritten agreement, but emerging nations such as China and India have questioned the tradition, calling it outdated.

The race for the IMF leadership began last month after Dominique Strauss-Kahn resigned to face sexual assault charges in New York.

Lagarde, France's finance minister, and Carstens were placed on the shortlist earlier this week.

© 2011 AFP

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