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Rival questions Lagarde credentials

Mexico's central bank governor said he will continue his underdog candidacy to be the first representative of an emerging economy to lead the International Monetary Fund.

Agustin Carstens said the race is not about nationality but who is most qualified, even as support lines up behind his opponent, French Finance Minister Christine Lagarde.

Mr Carstens said that he has the expertise and ability as a former IMF official, adding: "She doesn't know the fund with the depth I know it."

The IMF's executive board will choose a replacement by June 30 for Dominique Strauss-Kahn, who resigned in May after his arrest on sexual assault charges. He has pleaded not guilty.


From Belfast Telegraph