Arab Today, arab today carstens makes imf case in china
Last Updated : GMT 19:28:26
Arab Today, arab today
Arab Today, arab today

Carstens makes IMF case in China

Arab Today, arab today

Arab Today, arab today Carstens makes IMF case in China

Beijing - AFP

Mexico\'s candidate to lead the IMF met senior officials in China on Thursday to try to win Beijing\'s support in what he himself has called an \"uphill battle\" to defeat Christine Lagarde. Agustin Carstens, the governor of Mexico\'s central bank, arrived in Beijing in the afternoon and immediately went into talks with Chinese counterpart Zhou Xiaochuan and Finance Minister Xie Xuren, a Mexican embassy spokesman told AFP. Carstens was to give a press conference at 6:30 pm (1030 GMT). The 53-year-old economist is the underdog in the race to succeed Dominique Strauss-Kahn as the managing director of the International Monetary Fund. Strauss-Kahn resigned last month to face sexual assault charges in New York. His campaign to win support from major emerging nations has faltered in the face of Lagarde\'s aggressive worldwide charm offensive, so his visit to China, the world\'s second-largest economy, will be seen as crucial to his bid. Carstens, who served as the IMF\'s number three from 2003-2006 before returning to Mexico City to become finance minister and then central bank chief, admitted earlier this week that beating Lagarde would be difficult. \"I know that it\'s an uphill battle,\" Carstens told CNBC television. It\'s like starting a baseball game with a score of 5-0 without a single pitch having been pitched, because you know the Europeans haven\'t embraced the spirit of the process.\" Europe has maintained a 65-year lock on the top job at the Washington-based lender according to an unwritten agreement, but emerging nations such as China and India have questioned the tradition, calling it outdated. Lagarde, France\'s finance minister, and Carstens were placed on the shortlist earlier this week by the IMF\'s 24-member board, which is expected to make a decision by June 30 after interviewing candidates. \"I don\'t have anything against Christine. She\'s a very dear friend and I admire her as a minister... I also think I\'m a strong candidate. So at least I will make them think twice,\" Carstens said. He has suggested that Lagarde could be too deeply involved in Europe\'s fiscal problems to be the unbiased, unsentimental leader the IMF requires. \"There could be a conflict of interest,\" Carstens said this week at the Peterson Institute for International Economics in Washington. \"We\'d have a situation where the borrowers dominate a creditor institution. I think that\'s an issue we should consider.\" The 55-year-old Lagarde, in addition to having Europe\'s support, has received public endorsements from Egypt, Indonesia and a number of African countries. Carstens has only garnered the expressed support of a dozen Latin American countries -- but notably not yet Brazil or Argentina. He met US Treasury Secretary Timothy Geithner in Washington on Monday, and although a Treasury spokeswoman lauded Carstens\' \"strong mix of financial talent and political skills\", the United States remained mum on its choice. China, Russia and India -- members of the BRICS bloc of emerging economies along with Brazil and South Africa -- have also not yet endorsed a candidate. When Lagarde visited Beijing last week, Foreign Minister Yang Jiechi said after meeting her that the race to lead the IMF was \"open\", but the Frenchwoman later told AFP she had a \"very positive feeling\" after her talks in Beijing.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today carstens makes imf case in china Arab Today, arab today carstens makes imf case in china

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday