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Tuesday, June 14, 2011

Mexico’s Carstens courting U.S. on IMF job

From The Washington Post:

The Mexican banker running to head the International Monetary Fund warned Monday that the agency could face a conflict of interest if his chief rival, a European, was appointed to the top job in the midst of the financial crisis roiling Europe.

Agustin Carstens, Mexican central bank chief, in Washington yesterday to lobby for the IMF post, said the International Monetary Fund needs to be seen as guarding the interests of all its members, not just those of the Europeans.

The fund can’t be perceived as working for Europeans,” he said. “I am sure she [Lagarde] will say she is working for the fund. But that question will be there.”

Read more on the fight for the IMF position.

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