Thursday, January 21, 2016

Mexico not run for Carstens for IMF – Digital Journal Juarez

Federal District – Mexico does not submit the nomination to head the Bank of Mexico, Agustin Carstens, for the process of selecting a new head of the International Monetary Fund (IMF) and supports the continuation of the current leader Christine Lagarde said Thursday a government source.

The agency plans to hold an open process of selection for the top job and will begin accepting nominations on Thursday, although Lagarde has said it is open to exercise a new term at the head of the global lender.

“Mexico will not present a candidate and support the nomination of France (Lagarde) (…) The government recognizes their leadership and talent and supports who has been an important ally for structural reforms in Mexico, “said the source of the Ministry of Finance who requested anonymity.

The initial term of five years as Managing Director Lagarde expires on July 5 and member of the executive board of the IMF Aleksei Mozhin said he expects the board to complete its selection process in early March.

The International Monetary Fund (IMF) announced today that it will appoint its next managing director before in early March, a charge to which he returns to suck the current head, the French Christine Lagarde.

Applications must be submitted between Thursday and next February 10. The board of directors of the Fund, representing its 188 member states, intends to take a decision before March 3, indicating the institution in a statement.

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