European IMF control challenged

Can create ‘conflicts of interest,’ says Mexican banker candidate for top job

** FILE ** In this June 10, 2011 file photo, Mexico's central bank governor Agustin Carstens speaks, a candidate to be the next managing director of the IMF, during a news conference in New Delhi, India. (AP Photo/Saurabh Das)** FILE ** In this June 10, 2011 file photo, Mexico’s central bank governor Agustin Carstens speaks, a candidate to be the next managing director of the IMF, during a news conference in New Delhi, India. (AP Photo/Saurabh Das)
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In fact, China, India and Brazil have declined to publicly endorse any candidate so far. Analysts say cite several reasons why the three developing nations have resisted.

China and India are historical rivals and are without many commn interests, even though they are at similar stages of development.

And Brazil is vying to be an alternative to the U.S. and regards Mexico as a close U.S. ally, said Domenico Lombardi, a senior fellow at the Brookings Institution and former IMF official.

“Emerging countries have failed to coalesce as a unified group behind a candidate,” Mr. Lombardi said.

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