IMF

Race for IMF job heats up

Agustin Carstens, the underdog candidate to head the International Monetary Fund, has accused European governments of trying to pre-empt the fund’s succession process and failing to tackle their own debt problems.

Mr Carstens, Mexico’s central bank governor, is battling Christine Lagarde, French finance minister, to lead the IMF.

Ms Lagarde, who has secured the support of several European countries including the UK, is touring Asia this week to secure support from India and China. Indian leaders said they had given Ms Lagarde “no assurance” of their support.

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