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AU wants non-European to head IMF

Johannesburg - With just one day to go before nominations close for the next head of the International Monetary Fund (IMF), the African Union said on Thursday it would like to see a non-European in the position, preferably an African.

The AU has not put forth a name for its preferred candidate to replace Dominique Strauss-Kahn, who stepped down last month as IMF managing director to fight sexual assault charges.

South Africa's former finance minister Trevor Manuel has been seen as a possible candidate, but he has not formally been nominated.

"Selecting a non-European and particularly someone from the developing world would go a long way in increasing voice and representation at the IMF for these countries," the AU said.

French Finance Minister Christine Lagarde is frontrunner in the race but Colombia on Wednesday was the first Latin American country publicly to back Mexico's central bank chief Agustin Carstens for the job, saying a dozen other countries from the region also supported his candidacy.

Emerging economies would like a candidate from their group to head the fund but have not rallied behind one nominee.

The AU said a compromise would be for the number two post at the fund to be given to a European.

 
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