Topic - Carsten

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  • ** 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)

    European IMF control challenged

    Mexican central banker Agustin Carstens said Monday that the next leader of the International Monetary Fund should not be European because those nations are borrowing heavily from the lending organization.

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  • Mrs. Lagarde's candidacy would create "conflicts of interest," Mr. Carsten said, because Greece, Ireland and Portugal are borrowing heavily from the IMF.

    European IMF control challenged →

  • "We could have a situation where the borrowers dominate the institution," he told an audience of more than 100 policymakers and economists.

    European IMF control challenged →

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