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.
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.
Lagarde said that she had elaborate discussions on the general economic situation.
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.
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.
"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.
Christine Lagarde recently gave a speech in which she outlined steps needed to avoid future global crisis.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
For 2015-16, IMF pegged India's growth rate at 7.5 per cent.
The IMF chief described the incident of rape and murder of an eight-year-old girl in India as "revolting.
IMF policymakers have said they will come up with ideas on how to push ahead with reform by mid-December.
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.
IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.
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.
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.
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.
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.
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.
Wabel Abdallah, a 60-year-old Lebanese national, had been leading the IMF's office in the Afghan capital since 2008.
"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.
On global imbalances, Lagarde noted that IMF is assessing external imbalances and misalignments through its new External Sector Report.
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.
Sina Weibo has said that it now has about 450,000 users in the US.
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.
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
The International Monetary Fund has said it broadly supports the series of economic reforms undertaken by India, which is moving in the right direction.
The IMF chief listed three key policy areas for women's empowerment as the education, getting a job and having a family.
Christine Lagarde said the prospect of rising interest rates in the US and China's slowdown are contributing to uncertainty and higher market volatility.
Arvind Panagariya, sherpa for India at the summit, tweeted about the "interaction".
IMF MD Christine Lagarde hailed the government's latest Budget.
The global economy, which gathered momentum in 2013, would continue to strengthen in 2014, largely because of improvements in the advanced economies, the International Monetary Fund Chief Christine Lagarde has said even as she expressed concern over the rising risk of deflation.
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