russia to vote for lagarde in imf bid
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Russia to vote for Lagarde in IMF bid

Arab Today, arab today

Arab Today, arab today Russia to vote for Lagarde in IMF bid

Moscow - AFP

Russia said Tuesday it would vote for French Finance Minister Christine Lagarde as the next head of the International Monetary Fund after dropping its support for an emerging market candidate. "I think that she has all the necessary qualities and when the (IMF) board of directors votes, we will support her candidacy," Finance Minister Alexei Kudrin was quoted by the ITAR-TASS news agency as saying ahead of the decision expected later in the day. He told a government meeting that Lagarde's financial vision "completely meets the goals and objectives of the International Monetary Fund. "She will be able to make this key international organisation more dynamic and assure its future reform," Kudrin said. Russia surprised some observers when it initially backed the internationally little-known central bank chief of Kazakhstan to replace Dominique Strauss-Kahn, who resigned May 18 to fight sexual assault charges. Kazakhstan's Grigory Marchenko decided to drop his candidacy on June 10 after calling Lagarde's victory "more or less obvious." But the respected French finance chief has had trouble winning the backing of the BRICS emerging market nations -- Brazil, Russia, India, China and South Africa. The fund's leadership has been held by a European since its founding in 1945 and Brazil in particular has been receptive to a challenge from the Mexican central bank governor Agustin Carstens. But China said it would back Lagarde on Monday and Kudrin said he viewed her as a known quantity. Kudrin in particular noted Lagarde's willingness to support a "quota system that took into account the interests of developing markets. "We have discussed this on many occasions with her before," the minister said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russia to vote for lagarde in imf bid russia to vote for lagarde in imf bid

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russia to vote for lagarde in imf bid russia to vote for lagarde in imf bid

 



GMT 06:46 2017 Wednesday ,04 October

Pope to bless icon for Holy Family Journey to Egypt

GMT 15:51 2017 Tuesday ,22 August

FVP informed on arrangements for Sudan in meetings

GMT 04:55 2016 Monday ,03 October

Alec Baldwin nails it as Trump on ‘SNL’

GMT 21:15 2017 Tuesday ,19 September

Security forces intensify their presence in Kirkuk

GMT 03:39 2017 Saturday ,30 September

Al Jawaheri economic improvement

GMT 10:29 2018 Saturday ,06 January

Siniora meets German Ambassador

GMT 06:27 2017 Tuesday ,26 December

Embassy in Russia marks National Days

GMT 19:06 2017 Thursday ,05 January

Moral policing in Maharashtra, too

GMT 11:49 2017 Wednesday ,26 April

OIC Condemns Attack on Military Base in Afghanistan

GMT 18:35 2017 Monday ,27 February

UK foreign secretary leaves Egypt
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday