India yet to decide on IMF chief nominee

Jun 17, 2011 |

IANS

New Delhi

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India has not yet decided on who to support as the next chief of the International Monetary Fund (IMF), finance minister Pranab Mukherjee said on Friday. “I am in touch with my counterparts from other countries. I will announce the decision in due course.

There is no decision yet,” Mukherjee told reporters on the sidelines of a banking conclave organised here by Assocham. Mukhejree said both French finance minister Christine Lagarde and Mexican Central Bank governor Agustin Carstens were good candidates.

The job became vacant unexpectedly after Frenchman Dominique Strauss-Kahn resigned on May 18 to fight sexual assault charges in New York. A 24-member executive board, representing all the IMF’s members, has targeted the end of June to reach a consensus on one of the candidates, which is how it has decided the issue in the past. Mukherjee added that India was trying to build consensus among developing countries to have a common candidate.

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