Thursday, June 2, 2011

Carstens .- IMF claims to have a program similar to de Lagarde, but is better suited

BRASILIA, 2 June (Reuters) - The governor of Central Bank of Mexico and a candidate for the Directorate Manager of the International Monetary Fund (IMF), Agustin Carstens, said to have a similar program of its only opponent so far, the Minister of Economy and French Finance, Christine Lagarde. However, he believes to be best qualified to have more experience and more knowledge about the IMF.

"This program is widely shared. An important difference is leadership. I know the institution from all angles," said, while value has also 30 years of experience as a public servant and political leader. On the other hand, denied that an economist is "orthodox" as it has been suggested from some areas.

In fact is defined as a pragmatist who understands the need to adopt certain policies in specific situations. The priorities identified the fight against the crisis in the eurozone, support the political transition in the Middle East and the momentum of reforms to the representation within the IMF.

Lagarde visited Brazil this Monday, when he promised also to propose reforms to the emerging countries will gain weight in the financial institution. Carstens has questioned the idea of some European leaders, who suggest that a managing director of the continent cope better with the crisis in the eurozone.

In his view, an outsider will be better positioned to implement stricter measures. INTERIM SUPPORT BRAZIL As stated in Brasilia, where he has moved within the framework of a global tour to promote his candidacy. Brazil has expressed his satisfaction with the desire for Mexican economist, to understand that is a step forward for the emerging economies.

On the other hand, has refused to commit his vote of support as it believes it still needs more time to study each candidate. "Emerging economies are not sufficiently represented in the leadership of the Fund, especially the Latin American countries," said Finance Minister Guido Mantega, in a press conference with Carstens.

Mantega stressed the importance of the emerging powers have a nomination for an office that traditionally has been occupied by Europeans and thought it would be a breakthrough that the new IMF managing director be chosen on merit, not nationality. Brasilia A spokesman admitted that Mexican President Felipe Calderon has called his Brazilian counterpart, Dilma Rousseff, asking their support in person Carstens.

The Brazilian Foreign Ministry also confirmed that South African President Jacob Zuma, on Thursday called Rousseff to talk of a possible candidate, former Finance Minister and current Minister Trevor Manuel South African presidency. Carstens says it has received support from many Latin American countries, but has not yet officially vows.

The IMF has until June 30 to elect a successor to Dominique Strauss-Kahn, under house arrest in New York awaiting trial for alleged sexual assault.

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