Carstens Receives Last Minute Support from Canada and Australia

The breaking news today is that Canada and Australia will endorse Mexico's central bank chief Agustín Carstens as the race for the spot as IMF chief comes to an end this week. Canadian officials made this announcement on Friday - a decision that is, unfortunately, deemed by the WSJ as, 'unlikely to tilt a race led by French finance minister Christine Lagarde'.

Europe has backed Ms. Lagarde from the beginning, and there is no indication Washington will withhold support for her to succeed former chief Dominique Strauss-Kahn.

Source: www.wsj.com

Conflict of Interest for IMF Candidate Christine Lagarde?

Related to my last post, I wanted to show this video of Agustin Carstens talking about his IMF candidacy...In previous occasions he has mentioned that he will bring a 'fresh set of eyes' to the IMF presidency, and states that having French Finance Minister Christine Lagarde as head of the the IMF is comparable to 'starting a soccer match at 5-0'. Is it fair to have the main borrowers head-up the crediting institution?

Tell me what you think.

Profile: Agustin Carstens/Christine Lagarde

Lately I've been posting news on the race between Carstens and Lagarde to be the next managing director of the International Monetary Fund (IMF). As the BBC puts it, the two candidates competing to be the head of the International Monetary Fund (IMF), "could not be more different in their appearance" but...what about on paper?

Sometimes I've thought, how do we really know who would be a better pick for the position? Well, I found these BBC articles that review both of the candidates' careers and give us a good look at their credentials. Check out the aspiring candidates' resumes here: Agustin Carstens and Christine Lagarde