The two were the only ones named when the IMF released the list after nominations closed Friday.
The IMF did not explain why Israel's Stanley Fischer, who only declared himself at the last minute, was not on the list. Two other possibles, a South African minister and Kazakhstan's central bank head, dropped out Friday.
While Lagarde, a French national, is Minister of Economy, Industry and Employment of France; Carstens is Governor of the Bank of Mexico.
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