Two strong candidate replacement IMF director Dominique Strauss-Kahn, is scheduled to visit Brazil and the countries members of the other BRICS in the next week. The visit was touted as an effort to seek support and lobbying of economic actors in the country.
Reporting from the pages of The Wall Street Journal, Friday, May 27, 2011, two candidates are French Finance Minister, Christine Lagarde, and the Governor of Central Bank of Mexico, Agustin Carstens, will in turn visit Brazil. This country became a campaign visit their tour opener.
After visiting Brazil, both candidates also planned to go to China and India. Lagarde who will leave for Brazil on Monday next week will hold talks over lunch with Brazilian Finance Minister Guido Mantega, and met with President of the Central Bank of Brazil, Alexandre Tombini.
"This visit is to make it better known, inform and lobby for his nomination," said the French government statement.
Lagarde and Mantega are two strong candidates among the other candidates Strauss-Kahn's successor who stepped down as executive director of the IMF because of stumbling cases of sexual harassment.
Another candidate is a former Turkish finance minister, Kemal Dervis, the German economist, Klaus Regling, the Minister of Finance of Singapore, Tharman Shanmugaratham, and former British Prime Minister Gordon Brown.
The final decision, who would become the successor to Dominique Strauss-Kahn, is expected to be successfully obtained and published on 30 June.
Advanced economy countries that joined in the BRICS, namely Brazil, Russia, India, China and South Africa, a country the candidate's lobbying targets IMF. They want to soften the BRICS who previously criticized the European dominance in the IMF.
BRICS look at the 2008-2009 economic crisis in the United States and Europe, be an indicator of the need to reform the IMF, one with the appointment of directors from outside Europe. But until now there has been none of these five countries that sent its candidate to replace Kahn.
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