Mexico´s Finance Minister backs Carstens for IMF leader

Mexico's Finance Minister, Ernesto Cordero Arroyo, says he backs the candidacy of Agustin Carstens, Governor of their country's Central Bank, to head the International Monetary Fund.

He said, "The Mexican government supports the candidacy of Agustin Carstens, but we recognize as well, that the French Finance Minister has enough qualities to run the IMF. Without a doubt, however, we consider the Governor of the Mexican Central Bank to be the right person for the job."

Arroyo's comments came at a Paris news conference, on the same day French Finance Minister Christine Lagarde launched her bid to lead the organization. Carstens previously served as an Executive Director at the IMF, representing Mexico, Venezuela, Central America, and Spain in 1999 and 2000. He says his nationality should not be an impediment to reaching the top post.

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