New Delhi, June 7 (ANI): Finance Minister Pranab Mukherjee on Tuesday said the selection of the International Monetary Fund (IMF) chief should be done on the basis of merit, competence and in a transparent manner.
Mukherjee said India would support a candidate on the basis of merit and competency.
"I explained to her our positions that we want selection of the managing director of IMF or that of the World Bank should be on the basis of merit, competence, in a transparent manner. Not adding to any particular nationality. And for these offices there should be a broad consensus," he told reporters after his meeting with French Finance Minister Christine Lagarde.
Lagarde called on Mukherjee earlier today as part of her effort to seek support for her candidature to the post of Managing Director of the IMF.
During her talks, she outlined her vision for reforms that IMF needs to undertake and the role it can play in addressing the current challenges confronting the world economy including G-20 matters.
Lagarde conveyed to Mukherjee that her conviction is that the IMF should reflect current global economic realities and there is need for greater voice for the emerging market developing countries in all the significant issues that the world today confronts.
Mukherjee exchanged views with her on the above issues and also indicated India's expectations from the IMF and its leadership.
Describing her as an old friend of India and outlining a strong relationship with France, he wished her well in her efforts to gain support for her candidature.
Mukherjee had earlier this month said the government has suggested to its executive directors in the IMF to begin talks with other countries over the selection of the IMF chief.
Speaking to mediapersons after addressing the Editors""" Guild of India at an event here on June 1, Mukherjee said directors would work out the modalities for choosing the right candidate for the prestigious post.
"Indeed there are four-five candidates. They have expressed their intentions. Mexican central bank governor (Agustin Carsten), then South African former finance minister (Trevor Manuel), now I got a telegraph couple of days back - Kazakhstan finance minister (Grigory Marchenko) has also expressed his desire, Singapore finance minister (Tharman Shanmugaratnam) is there," said Mukherjee.
"Christine Lagarde (French Finance Minister) is coming. We have suggested to our executive directors in the Fund to talk to various countries and work out the mechanisms through which we can try to find out an acceptable agreed candidate," he added.
A fierce succession battle for the coveted top IMF post was triggered after its head, Dominique Strauss-Kahn, resigned for his involvement in a sex scandal.
Strauss-Kahn, 62, is facing charges of sexual assault on a hotel maid in New York. He was recently released on a $1 million cash bail and is now placed under house arrest, as he awaits trial in his attempted rape case. (ANI)
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