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Old 07-26-2011, 07:08 PM   #1
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>South Africa and Kazakhstan may put forward their own candidates. Asked about South Africa's preferred candidate, Finance Minister Pravin Gordhan told Reuters Insider TV the country was still "applying its mind" to the process and would prefer a contender from an emerging market.
Under a long-standing agreement between the United States and Europe, the top job at the IMF goes to a European while an American leads its sister organization, the World Bank. The United States also fills the No. 2 position at the IMF.
European diplomats said Washington had asked the French government about the legal case hanging over Lagarde and had been told it would not be a show-stopper.
The EU and the United States, which sources in Washington have said will back a European, have enough joint voting power to decide who leads the IMF.
Securing support from some emerging economies would defuse a potentially bitter row over the decision though.
France christian louboutin big lips 120 black leather pumps sale , which presides over the G20 this year christian louboutin big lips 120 black leather pumps sale , has made an effort to work with China on key issues for developing nations like global monetary reform and commodity market speculation.
Last week, the head of China's central bank, Zhou Xiaochuan christian louboutin big lips 120 black leather pumps sale , said the IMF's leadership should reflect the growing stature of emerging economies. But he stopped short of saying its new boss should be from an emerging economy.
Wu Qinglouboutins sale outlet numbers and infrastructure forthe brigades.", a researcher with the Development Research Center
government think-tank in Beijing christian louboutin big lips 120 black leather pumps sale , said it was plausible that China would support Lagarde as there weren't many qualified candidates from China or Asia in general.
The IMF's board will draw up a shortlist of three candidates and has a June 30 deadline for picking a successor.
(Additional reporting by Julien Toyer in Paris, Jiang Yan in Beijing, Leigh Jones and Michelle Nichols in New York and David Lawder in Washington; Writing by David Lawder, Emily Kaiser and Paul Taylor)
IMF
French Finance Minister Christine Lagarde on Tuesday clinched the top job at the IMF, keeping the international lender in the hands of a European at a time of growing concern over a possible Greek debt default.
Lagarde, who starts her five-year term as managing director on July 5, will find herself immediately immersed in efforts by the IMF and European Union to head off a Greek default that could touch off an international cr
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