Mr. Agustin Carstens is the financial banker of Mexico, and is seen as a candidate for the throne of the IMF, albeit as an underdog.
As he prepares to visit a slew of countries to garner support and interest, one country, India stands out among the standouts.
After most of the G-8 came out in support of France’s nominee, Ms. Lagarde, other emerging countries were not so pleased and expressed their displeasure with another European being the head of the IMF.
As a ‘gentleman rule’ the head of the IMF has always been a European, and emerging countries such as India, Brazil and Mexico are attempting to change that dictate.
Although as a candidate Mr. Agustin Carstens looks good on paper, having attended the University of Chicago, and served as the deputy managing director of the IMF during a severe crisis, most people believe that Ms. Lagarde will win hands down.
India though it wants to have a leader from a BRICS country, also does not want to get involved in a political squabble with America and France as well as other civilized countries.
In the long run, most experts agree that India will eventually back Ms. Lagarde, despite all their reservations not too.
Century Direct Group reports