Skip to main content

British back Lagarde to head IMF after Strauss-Kahn

By the CNN Wire Staff
Christine Lagarde is likely to face opposition from developing economies.
Christine Lagarde is likely to face opposition from developing economies.
STORY HIGHLIGHTS
  • NEW: Mexico will propose its central bank chief to lead the IMF, state media reports
  • French Finance Minister Christine Lagarde would be the first woman to run the IMF
  • Dominique Strauss-Kahn resigned amid charges he tried to rape a hotel maid in New York
  • He denied the allegations in his resignation letter to the fund's executive board

(CNN) -- The United Kingdom will back French Finance Minister Christine Lagarde to become head of the International Monetary Fund, British Chancellor George Osborne said.

The IMF is scheduled to begin accepting nominations for its top job Monday, following the resignation of Dominique Strauss-Kahn, who faces sexual assault charges in the United States.

"We support her because she's the best person for the job, but I also personally think it would be a very good thing to see the first female managing director of the IMF in its 60 year history," said Osborne, Britain's equivalent of a finance minister.

Strauss-Kahn, who is accused of trying to rape a maid last week in his suite at the Sofitel hotel in New York, was released from Rikers Island jail on Friday and is staying with his wife, Anne Sinclair.

IMF: The balance of power
Brown quiet on possible IMF candidacy
RELATED TOPICS

He proclaimed innocence in a resignation letter to the IMF Executive Board late Wednesday.

"To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me," he said.

The IMF said Friday that it aims to complete the selection process by June 30.

Lagarde is likely to face opposition from developing economies, who are proposing their own candidates for the post.

Mexico will put forward Central Bank Chief Agustin Carstens as a candidate, the state-run news agency reported Sunday.

Carstens worked with the IMF as the executive director for Mexico, Spain, Venezuela and Central America, and was later a deputy managing director there, Notimex said.

Since the IMF was created in 1945, all 10 of the institution's managers have been European. Four of them have been French.

CNN's David Wilkinson contributed to this report.

Part of complete coverage on
Family of Strauss-Kahn accuser speaks
The family of the alleged victim in the Dominique Strauss-Kahn case speaks out.
Reaction to news case may be dropped
Here's a preview of what we'll be inclined to to hear, or not, after the latest twist in the extremely high-profile affair.
Strauss-Kahn case in trouble?
Susan Candiotti reports on credibility issues in the sexual assault case against Dominique Strauss-Kahn.
Spotlight on France's hidden sexism
Fresh political sex scandals have France gripped by a debate on the nation's hidden culture of sexism.
Strauss-Kahn claimed to have diplomatic immunity
A new prosecution document reveals that the former chief of the IMF at first claimed to have diplomatic immunity when he was taken into custody.
Ex-IMF boss pleads not guilty
Dominique Strauss-Kahn pleaded not guilty to seven charges in the May 14 incident.
Strauss-Kahn steps down from IMF
The head of the IMF has resigned amid mounting calls he step down after being jailed on charges he sexually assaulted a maid in his hotel suite.
IMF sex case 'shows real progress'
Financial journalist says the case against Strauss-Kahn is an anomaly because the accuser suffered no ill consequences by her employer.