Voice of emerging markets should be heard more: IMF head candidate

08:16, June 14, 2011      

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Although the International Monetary Fund (IMF) is perhaps the most effective multi-national institution in the world, emerging markets should have a bigger voice in the IMF, Agustin Carstens, Mexican central bank governor, said in Washington on Monday.

The process of choosing a new IMF head at the helm should be " transparent, fair and independent of nationality", Carstens said at an event hosted by the Washington-based Peterson Institute for International Economics.

"I have the academic credentials and policy making experience and experience in crisis resolution," he argued.

The IMF has set a June 30 deadline to determine the new directorship, which has been held by a European since 1945.

Source: Xinhua
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