Mexico’s Carstens Takes IMF Bid to India

Mexican Central Bank Governor Agustin Carstens is due in India Friday to press his case to become the next head of the International Monetary Fund.

Carstens is expected to hold series of meetings in New Delhi similar to his rival, France’s Christine Lagarde. She met Tuesday with Indian Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee in New Delhi but failed to win their support.

The 55-year-old Lagarde has said that if elected, she will push reforms to give emerging countries more influence at the lending institution.

During a recent visit to Brazil, Carstens said that Latin American countries deserve greater representation at the IMF.

The IMF is expected to announce the candidates for its top post by June 17 and the final selection will be made by June 30.

Former IMF leader Dominique Strauss-Kahn of France resigned last month following his arrest in New York on charges of sexual assault. Strauss-Kahn has said he is innocent.

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