Print Print edition: 2011-06-10

African Union wants non-European to head IMF

Published Updated

With just one day to go before nominations close for the next head of the IMF, the African Union said on Thursday it would like to see a non-European in the position, preferably an African. The AU has not put forth a name for their preferred candidate to replace Dominique Strauss-Kahn who stepped down last month as managing director of the International Monetary Fund to fight sexual assault charges.
South Africa's former finance minister Trevor Manuel has been seen as a possible candidate but he has not formally been nominated. French Finance Minister Christine Lagarde is front-runner in the race but Colombia on Wednesday was the first major Latin American country publicly to back Mexico's central bank chief Agustin Carstens for the job, saying a dozen other countries from the region also supported his candidacy. Emerging economies would like a candidate from their group to head the fund but have not rallied behind one nominee.