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Montek says not in race

delhi Updated: May 18, 2011 22:32 IST

Reuters
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Planning Commission deputy chairman, Montek Singh Ahluwalia, said on Wednesday that he was not putting forward his name for the International Monetary Fund chief's post.

IMF chief Dominique Strauss-Kahn has been charged with trying to rape a hotel maid in New York, a scandal that upends his plans to run in France's presidential election and which throws the leadership of the global lender into turmoil.

Emerging countries are starting to flex their muscle over who should succeed Strauss-Kahn, who had been expected to leave soon anyway to run for French president. The job has been a virtual sinecure for Europeans. They have held all 10 managing director positions since the fund was created in 1945, and four of them have been Frenchmen.