Economy
Brazil calls for IMF reform
Updated: 2011-06-02 11:48
(Xinhua)
RIO DE JANEIRO - It is important to have someone from an emerging economy to head the International Monetary Fund (IMF), Brazilian Finance Minister Guido Mantega said on Wednesday.
Mantega made this comment in a meeting with Mexican Central Bank governor Agustin Carstens, who is a candidate for the IMF top job.
"In the past few years, the emerging countries have had a better performance than developed countries, with higher growth rates," said Mantega.
"Being born in Europe or in the US does not make the candidate the most qualified for the position," the minister said, referring to an unwritten IMF tradition that the top post would always be a European.
The candidates' commitment to reforming the IMF is a lot more important than their birthplaces, he said.
Carstens was the second candidate to visit Brazil for support. French Finance Minister Christine Lagarde met with Mantega on Monday. She, too, said she was committed to reforms.
Mantega said Brazil has yet to decide whom it would support.
E-paper
Tapping into the future
Foreign companies are investing in China's water industry as many predict a growing profit margin.
Preview of the coming issue
Headhunters ride on growth
Commercial property rides wave
Specials
Cuisine central
London's Chinatown is helping diners appreciate full palate of Chinese food
Tying the knot
Danish couple's high-end macrame export business takes off in the mountains of Yunnan.
Truly a super woman
Li Yuchun first came to prominence in 2005 as the Super Girl winner, and since then has become an international star.