Lagarde confident of IMF job after Egypt talks | business | Hindustan Times
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Lagarde confident of IMF job after Egypt talks

business Updated: Jun 12, 2011 20:55 IST
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French finance minister Christine Lagarde said on Sunday she was "confident" of her chances of heading the International Monetary Fund (IMF), while declining to comment on her Israeli rival for the post.

"I am very confident, particularly after several meetings here in Egypt," said Lagarde in Cairo after talks with her Egyptian counterpart Samir Radwan. "We have had excellent meetings."

Egypt is on the 24-member executive board which is due to reach a consensus on naming a new IMF chief at the end of this month.

On Saturday, Bank of Israel governor Stanley Fischer - an American economist who took Israeli citizenship and previously held the number two post at the IMF - announced that he was in the race.

Lagarde, who on Saturday was in Saudi Arabia where she also voiced confidence, declined to comment on Fischer's candidacy, saying only: "He has past experience as the number two at the IMF ... Everybody is free to file a candidacy."

The IMF's top post opened unexpectedly after Frenchman Dominique Strauss-Kahn resigned on May 18 to fight sexual assault charges in New York.