Lagarde Visits India to Boost IMF Leadership Bid

Posted June 7th, 2011 at 5:55 am (UTC-5)
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French Finance Minister Christine Lagarde has traveled to India in the latest stop of a tour to seek support to become the next head of the International Monetary Fund.

Lagarde is set to meet Tuesday with officials in New Delhi as part of a global tour that has included a stop in Brazil and expected trips to China and several African nations.

The 55-year-old said last week that if elected, she will push reforms to give emerging countries more influence at the lending institution.

The head of Mexico's central bank, Agustin Carstens, is the only other declared candidate for the top IMF job. Carstens said last week during a visit to Brazil that Latin American countries deserve greater representation at the IMF.

The IMF is expected to announce the candidates for its top post by June 17 and the final selection will be made by June 30.

European nationals have served as the managing director of the IMF under an agreement reached with the United States after World War Two. The agreement stipulated that an American would head the World Bank.

Former IMF leader Dominique Strauss-Kahn of France resigned last month following his arrest in New York on charges of sexual assault. He has said he is innocent.