Geithner: Lagarde and Carstens "credible" for IMF

Treasury Secretary Timothy Geithner on Wednesday said France's Christine Lagarde and Mexico's Agustin Carstens are both "credible" candidates to lead the International Monetary Fund, but he wants the candidate who can earn the broadest support.

"They're very talented people. Christine Lagarde is an exceptionally capable person, an excellent mix of financial, economic knowledge, talent, and the kind of political skills you need," he said at a breakfast sponsored by Politico. "Agustin has that as well. We want to see a process where we look to the candidate who can command the broadest support."

Geithner said the United States will eventually weigh into the decision, but said he believes it is important that the IMF run a "contestable" selection process based on merit and the talents of candidates.

Read Full Article from Reuters

- Posted: 2011-05-25 10:42:14

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