BRASILIA-Latin America deserves a stronger voice at the International Monetary Fund, Mexican central banker Agustin Carstens said yesterday in seeking Brazil's support for his bid to lead the global finance organisation. Carstens met with Brazil's Finance Minister Guido Mantega just two days after France's Finance Minister Christine Lagarde visited to try to get Brazil to back for her IMF candidacy. "Latin America in general and Brazil and Mexico in particular should have a greater level of participation at the highest levels of the institution," Carstens told reporters after the meeting.
"It is very important that Latin America have a stronger voice," he said. For his part, Mantega agreed that the region "should be better represented within the structure of the Fund, given its growing economic importance -- which would mean having a greater role in the daily decision making." Carstens, 52, has been lobbying for the managing director's post vacated last month by Dominique Strauss-Kahn after the Frenchman was arrested and charged with sexual assault in New York.
The Mexican central bank chief is to meet here today with Brazil's central bank chief, Alexandre Tombini.
A former Mexican finance minister, Carstens is vying for the influential IMF post against frontrunning candidate Lagarde, who has received the backing of other large European countries. The IMF is due to publish a full list of candidates by June 17. The final selection is expected to be announced by June 30.
The IMF executive board, whose members represent a country or a group of countries, is aiming to select the next chief by consensus, but could resort to a vote. (AFP)
