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France's Lagarde 'confident' on top IMF job

French Finance Minister Christine Lagarde, whose sights are set on the top job at the International Monetary Fund, said on Saturday in Saudi Arabia Saudi Arabia (sä`dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop.  she was "full of confidence."

"I am very confident," Lagarde told journalists in Jeddah, the economic capital of the world's top oil exporter, after "satisfying" meetings with King Abdullah and her Saudi counterpart, Ibrahim Assaf.

Lagarde "is very competent and well-known as a successful minister... we must choose the right person to head (the IMF IMF

See: International Monetary Fund


IMF

See International Monetary Fund (IMF).
) without consideration for nationality, language or country," Assaf said.

Despite a whirlwind world tour that has taken her from Brasilia to Beijing via New Delhi, Lagarde has failed to lock official backing from emerging powers in the race to become managing director of the world's crisis lender.

Her rival, Mexico's central bank chief Agustin Carstens, has hardly done better, failing to garner the support of a fellow Latin American nation after a visit to Brazil.

The IMF's top post opened unexpectedly after Frenchman Dominique Strauss-Kahn resigned on May 18 to fight sexual assault charges in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.

Both candidates are courting the so called BRICS BRICS Basic Research in Computer Science
BRICS Brazil, Russia Federation, India, China and South Africa (world affairs) 
 -- Brazil, Russia, India and China -- which are unsettled by a transatlantic quid pro quo [Latin, What for what or Something for something.] The mutual consideration that passes between two parties to a contractual agreement, thereby rendering the agreement valid and binding.  that has seen the position alternate between IMF power Washington and the Europeans since 1946.

The 24-member executive board, representing all the IMF's members, has targeted the end of June to reach a consensus on one of the candidates, the way it has decided in the past.
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Author:Staff Reporter
Publication:AFP Global Edition
Date:Jun 11, 2011
Words:247
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