Wednesday, June 8, 2011

::Being a Director of the IMF's, Lagarde "persuasion" China>>

Go Finance Reporting in BEIJING - French Finance Minister Christine Lagarde who nominate themselves as the Director of the IMF to end its campaign by meeting with senior Chinese officials in Beijing. China is the last stop after a number of its global tour to convince developing countries on his nomination as head of the IMF.

Lagarde, 55, had previously been a lawyer will become the first woman to be appointed as Director of the IMF, has made visits to India and China from India where he did not gain support.

As quoted by AFP on Wednesday (06/08/2011), India and China are two of the country's most influential developments in support of traditional European key as the leader of the world monetary institution based in Washington so that their support is expected to be able to support the candidacy Lagarde.

Lagarde is seen as a strong replacement candidate Dominique Strauss-Kahn, who resigned last month after being accused of sexual assault. Earlier, French government spokesman Francosi Baroin regard China as a key to success Lagarde nomination, but apparently has not been proven.

Meanwhile, Chinese Foreign Ministry asserted that the election of the Director of the IMF should be based on openness and transparency and better coming from developing countries better reflect changes in world economic structure.

Earlier, Lagarde also already visited Brazil and promised to reform the IMF is to provide more opportunities for developing countries.

The only serious opponent Lagarde to occupy the chair is the Director of the IMF's central bank governor of Mexico Agustin Carstens who also has made an approach to a number of countries such as Canada, India, Brazil, and Argentina. The deadline for submission of candidate names Director of the IMF is on Friday, a very narrow time for newcomers to nominate themselves. (GoFinance)

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