France calls on EU countries to find candidate for IMF chief

European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, as Mrs. Lagarde was nominated as president of the European Central Bank last week, said French Finance Minister Bruno Le Maire.

Minister Le Maire spoke on the sidelines of an economics and business conference in France on Saturday that European finance ministers would discuss the issue at a meeting in Brussels on Tuesday.

Bank of England governor Mark Carney is reportedly fielded as IMF chief candidate. Traditionally the Washington-based IMF has been led by a European, while the World Bank has been run by an American. At times, larger emerging market countries have sought to disrupt the duopoly with their own candidates.

Source: VOV5