Finance Minister Pranab Mukherjee on Tuesday congratulated French Finance Minister Christine Lagarde on her appointment as the new Managing Director of the International Monetary Fund.
French Finance Minister Christine Lagarde on Tuesday became the first woman to head the International Monetary Fund after its executive board chose her over Mexican central bank governor Agustin Carstens.
Finance Minister Pranab Mukherjee on Tuesday said India has not given any assurance to his French counterpart Christine Lagarde on support for her candidature to the post of IMF's managing director.
The IMF chief described the incident of rape and murder of an eight-year-old girl in India as "revolting.
France's Finance Minister Christine Lagarde has claimed that women actually make better politicians than men as they're not prisoners to their libido and testosterone.
Wabel Abdallah, a 60-year-old Lebanese national, had been leading the IMF's office in the Afghan capital since 2008.
"The Executive Board will meet with the candidates in Washington and, thereafter, meet to discuss the strengths of the candidates and make a selection," the official IMF statement said.
Lagarde said that she had elaborate discussions on the general economic situation.
On global imbalances, Lagarde noted that IMF is assessing external imbalances and misalignments through its new External Sector Report.
Christine Lagarde recently gave a speech in which she outlined steps needed to avoid future global crisis.
"Antonio Borges, director of the International Monetary Fund's European Department, has notified IMF managing director Christine Lagarde of his intention to leave the Fund for personal reasons," the IMF said in a statement on Wednesday.
Apart from Lagarde, Mexican central bank governor Agustin Carstens and Kazakhstan's central bank governor Grigory Marchenkois are in the fray for the IMF managing director's post which fell vacant after the ignominious exit of Dominique Strauss-Kahn last month.
The International Monetary Fund has said it broadly supports the series of economic reforms undertaken by India, which is moving in the right direction.
While most European countries are backing Lagarde, the developing countries are trying to build a consensus on nominating a person from the emerging nations as the next IMF chief.
The managing director of the International Monetary Fund, on a two-day visit in New Delhi, was speaking at a conference on growth aspects of Indian and Chinese economies.
The question is whether this would mean any change in IMF's policies, particularly on the question of what to forgo out of the impossible trinity of an independent monetary policy, managed exchange rates and a liberal capital account.
In a statement, the IMF said French Finance Minister Christine Lagarde and the Mexican economist Agustin Carstens were interviewed by its Executive Board this week.
International Monetary Fund and World Bank are top global financial institutions.
The US' influence on a European CEO-headed multilateral institution is out of sync.
While maintaining that merit and not nationality should guide selection of the new International Monetary Fund chief, India will in all likelihood support French Finance Minister Christine Lagarde for the job.
Mexican bank head seeks support for IMF post.
Besides French Finance Minister Lagarde, seen as a strong candidate, there are four to five other aspirants in the race for the post vacated by Dominique Strauss-Kahn.
Sina Weibo has said that it now has about 450,000 users in the US.
The highest decision making body of the IMF met at its headquarters in Washington on Saturday in the wake of the corruption charges that have surfaced against its chief.
French companies are committed to invest euro 10 billion (USD 13.37 bn) in India by 2012, the country's Minister of Economy and Finance Christine Lagarde said.
UAE's Minister of State for Financial Affairs Obeid Humaid Al Tayer said on Sunday that the UAE's support for Lagarde came as a result of her role in leading the French Ministry of Finance and in recognition of her achievements, as well as the efforts she has made during the G20 meetings under the rotating presidency of France.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
Arvind Panagariya, sherpa for India at the summit, tweeted about the "interaction".
France on Friday warned India that the proposal to replace additional customs duty on wines and spirits with countervailing excise duty at the state level will weaken New Delhi's position
Prime Minister Manmohan Singh on Monday met with chief honchos of soemof the top French companies over breakfast in Paris and held discussions focused on enhancing investment in India and bilateral trade.
For 2015-16, IMF pegged India's growth rate at 7.5 per cent.
Prime Minister Narendra Modi is in Hamburg, Germany for the G20 summit and it seems that NaMo is on a spree -- of handshakes that is. From China's Xi Jinping to Canada's Justin Trudeau, the PM has met them all and it appears he's having a really good time.
Christine Lagarde said the prospect of rising interest rates in the US and China's slowdown are contributing to uncertainty and higher market volatility.
The Sensex was mainly dragged by Tata Motors, ICICI Bank, Bharti Airtel and Reliance Industries -- shedding as much as 4.60 per cent.
Unabated buying by domestic institutional investors and wholesale price inflation falling to 2.60 per cent in September, helped both the key indices to scale new highs.
IMF MD Christine Lagarde hailed the government's latest Budget.
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Female labour force participation in India is lower than many other EM economies.
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