The Hague - Dutch Finance Minister Jan Kees de Jager, Monday (23 / 5) expressed its support to French Finance Minister Christine Lagarde to become Managing Director of the International Monetary Fund or IMF Dominique Strauss-Kahn to replace."Very, very important for Europe to have only one candidate and will be very good if the candidate is Christine Lagarde," said De Jager in an interview with a radio. "I support him fully," he added.
Dominique Strauss-Kahn last week resigned his position due to face charges of sexual harassment and rape attempt on a hotel waitress in Manhattan. He was arrested when about to fly to Paris. Political Frenchman was arrested but was released after paying ransom and bail.
The European Union is expected to announce their candidates to replace Strauss-Kahn at the summit the G-8 in Deauville, France, this weekend.
A source in the European Union, said last week that Jumpat Lagarde (55) must be a single candidate from Europe to replace Strauss-Kahn. Lagarde respected amongst the global financial circles and their networks with the United States (U.S.), which controls 16.8 percent of the power of voice in the IMF's executive board is very good.
Unwritten agreement between the EU and the U.S. for this is that Europe always led the IMF, while the World Bank has always led the United States. However, developing countries demanded that the selection mechanism of IMF Managing Director be changed so that they too can lead the institution.
If elected, Lagarde who now becomes the first female finance minister in the G-7, will be the first woman to head the IMF. [AFP/A-21]
[The Hague] Dutch Finance Minister Jan Kees de Jager, Monday (23 / 5) expressed its support to French Finance Minister Christine Lagarde to become Managing Director of the International Monetary Fund or IMF Dominique Strauss-Kahn to replace.
"Very, very important for Europe to have only one candidate and will be very good if the candidate is Christine Lagarde," said De Jager in an interview with a radio. "I support him fully," he added.
Dominique Strauss-Kahn last week resigned his position due to face charges of sexual harassment and rape attempt on a hotel waitress in Manhattan. He was arrested when about to fly to Paris. Political Frenchman was arrested but was released after paying ransom and bail.
The European Union is expected to announce their candidates to replace Strauss-Kahn at the summit the G-8 in Deauville, France, this weekend.
A source in the European Union, said last week that Jumpat Lagarde (55) must be a single candidate from Europe to replace Strauss-Kahn. Lagarde respected amongst the global financial circles and their networks with the United States (U.S.), which controls 16.8 percent of the power of voice in the IMF's executive board is very good.
Unwritten agreement between the EU and the U.S. for this is that Europe always led the IMF, while the World Bank has always led the United States. However, developing countries demanded that the selection mechanism of IMF Managing Director be changed so that they too can lead the institution.
If elected, Lagarde who now becomes the first female finance minister in the G-7, will be the first woman to head the IMF.
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