E-Paper
India to support Christine Lagarde for top IMF post
India has decided to support French finance minister Christine Lagarde for the post of IMF managing director to replace Dominique Strauss-Kahn. India was earlier trying to find a non-European candidate along with other emerging economies.
India has decided to support French finance minister Christine Lagarde for the post of IMF managing director to replace Dominique Strauss-Kahn.
Finance minister Pranab Mukherjee refused to directly answer a question on it while addressing a news conference with his US counterpart Timothy Geithner. He only said India has decided to be a part of the consensus and instructions have been passed accordingly to its team at the IMF.
"Wait until evening," he said.
"It is Lagarde," an official accompanying Mukherjee told Hindustan Times.
The IMF is expected to wrap up the process by Tuesday evening.
Secretary Geithner also refused to answer the question, but reports here suggest the US is also backing Lagarde, who is now certain to be the next IMF chief.
India was earlier trying to find a non-European candidate along with other emerging economies.
