MEXICO |
Carstens makes a bid for the IMF. Dominique Strauss-Kahn resigned as IMF managing director on 19 May, starting the race to find his successor. Traditionally a Frenchman has held the top IMF job, but this time around, developing economies want one of their own to have the post. The irony for Latin America, which reeled under IMF structural adjustment programmes in the 1980s and 1990s, is that one of the big tasks for the next IMF managing director will be to recommend solutions to economic problems in Europe and, perhaps, the US. The two main candidates to succeed Strauss-Kahn from Latin America are Arminio Fraga Neto from Brazil and Agustín Carstens from Mexico, although the front-runner for Strauss-Kahn's job is Christine Lagarde, the French finance minister.
Carstens moved from being Mexico's finance minister, in the current Partido Acción Nacional (PAN) government of President Felipe Calderón, to become governor of the central bank in December 2009. He had previously been a deputy managing director at the IMF.
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