Mexican Candidate In The Running For IMF Head

News Americas, WASHINGTON, D.C., Weds. June 15, 2011: Governor of the Bank of Mexico Agustin Carstens could be the next managing director of the International Monetary Fund.

Carstens has made the two candidate short list along with French Finance Minister Christine Lagarde.
The IMF said it expects to complete the selection process by 30 June.

“The Executive Board will meet with the candidates in Washington DC and, thereafter, meet to discuss the strengths of the candidates and make a selection,” the fund said.

The post became available after the former head of the IMF Dominique Strauss-Kahn resigned following his arrested last month in New York on charges of an alleged sexual assault.

There is no denying that Latin America is being heavily lobbied to stand together and support one of their own over the historically colonialist mindset. After all, developing nations are the ones most served by the IMF and Carstens, 52, is aptly qualified, having served as an executive director at the body before and with years of experience in high profile financial posts.