India tells IMF representative to be in touch with countries

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:13 PM IST

India has asked its executive director in IMF to stay in touch with different countries on the issue of selection of the new IMF head even as the front-runner Christine Lagarde planned a visit here soon.

"We have suggested to our executive director [Arvind Virmani] in the International Monetary Fund (IMF) to talk to various countries", Finance Minister Pranab Mukherjee told reporters here.

Besides French Finance Minister Lagarde, seen as a strong candidate, there are four to five other aspirants in the race for the post vacated by Dominique Strauss-Kahn.

Mukherjee said candidates from Mexico, South Africa, Singapore and Kazakhstan have also expressed their desire to be in the reckoning.

IMF has been traditionally headed by a European, while the top position of the World Bank is occupied by a candidate from the US.

Europe and the US have a combined voting share of over 50 per cent in the IMF and hence their support is crucial for an aspirant for the top post.

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First Published: Jun 01 2011 | 3:42 PM IST

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