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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
