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Mexico's Carstens will nominate the IMF

Governor of the Bank of Mexico, Agustin Carstens, yesterday became the first Latin American to aspire to succeed Dominique Strauss-Kahn at the head of the IMF (IMF) and break the European dominance in the body after Mexico announced it will propose for the post.

The succession process, which will be formally opened today, will in this way with at least one Latin American in the race, which may also have other candidates in the region.

So far, the Government of Chile has also publicly stated that studies to present a candidate who could be the former Foreign Minister Alejandro Foxley, a possibility to be tested with "very positively," said Finance Minister, Felipe Larraín.

Other Latin American countries have not yet been delivered but Carstens (Mexico City, 1958) is today the second representative of an emerging country that aspires to lead the body.

Before him, Grigori Marchenko, Governor of National Bank of Kazakhstan, is in the race with the backing of Russia and the other 10 members of the post-Soviet Commonwealth of Independent States (CIS).

So far, European countries are in favor of cohesion and present a consensus candidate.

French Economy Minister Christine Lagarde is the one who appears most likely on that front but could be considered the ex-Prime Minister Gordon Brown, who has presided IMF chief executive, the former head of the Bundesbank, Germany's Axel Weber.

Other names that have sounded in recent days as possible candidates are the Egyptian-born American of Mohamed El-Erian, the former Minister of Finance Manuel Trevol South African and even American FishCo Stanley, who was first deputy managing director of IMF ( 1994-2001).

So far, the IMF managing director was a European under a gentlemen's agreement between Europe and America that Americans left it to the election of the head of WB. Biographical



Governor of the Bank of Mexico, Agustin Carstens, was born on June 9, 1958 in Mexico City, and after studying at the Instituto Tecnologico Autonomo de Mexico (ITAM), a Ph.D. in Economics from the University of Chicago in 1985.


the late 90's, was appointed director general of Economic Research and chief of staff of the office of Governor of the Bank of Mexico. Hence


jumped to the IMF, and from 1999 to 2000 was CEO and Executive Board member representing Costa Rica, El Salvador, Spain, Guatemala, Honduras, Mexico, Nicaragua and Venezuela.


In December 2000, during the government of Vicente Fox, was named undersecretary of the Treasury under the orders of his former boss, Francisco Gil.


The August 1, 2003 reached the highest level of a Latin American to be appointed deputy managing director of IMF, a post he held until October 16, 2006.


also Deputy Governor for Mexico at the Inter-American Development Bank and World Bank.