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France's Lagarde still favourite as IMF nominations due Christine Lagarde still favourite as IMF nominations due
(about 4 hours later)
Nominations close later for the post of head of the International Monetary Fund (IMF), with French Finance Minister Christine Lagarde tipped for the job.Nominations close later for the post of head of the International Monetary Fund (IMF), with French Finance Minister Christine Lagarde tipped for the job.
Mexico's Central Bank Governor Agustin Carstens and his Kazakhstan counterpart Grigory Marchenko are also in the running.Mexico's Central Bank Governor Agustin Carstens and his Kazakhstan counterpart Grigory Marchenko are also in the running.
The final selection is expected to be announced by 30 June.The final selection is expected to be announced by 30 June.
The post became vacant when Dominique Strauss-Kahn quit last month over sexual assault charges in New York.The post became vacant when Dominique Strauss-Kahn quit last month over sexual assault charges in New York.
Mr Strauss-Kahn said he had decided to step down to fight charges relating to an alleged attack on a hotel maid.Mr Strauss-Kahn said he had decided to step down to fight charges relating to an alleged attack on a hotel maid.
Ms Lagarde is expected to learn the outcome on Friday from an examination by three top French judges of allegations that she abused her authority in 2008 when she granted a large payout to a prominent businessman to settle a legal case.Ms Lagarde is expected to learn the outcome on Friday from an examination by three top French judges of allegations that she abused her authority in 2008 when she granted a large payout to a prominent businessman to settle a legal case.
Reports suggested former South African Finance Minister Trevor Manuel could be a late entrant into the race.
Asked on South African radio whether this was the case, Mr Manuel said: "I haven't put my hat into the ring as I speak to you.
"My adrenaline is flowing about South Africa right now. It's where my focus is."
'Done deal''Done deal'
The main candidates are now winding down their lobbying campaigns to get the top job at the IMF.The main candidates are now winding down their lobbying campaigns to get the top job at the IMF.
Ms Lagarde left China for Portugal on Thursday to take part in the African Development Bank's annual meeting.Ms Lagarde left China for Portugal on Thursday to take part in the African Development Bank's annual meeting.
Before the departure she said she was "very satisfied" about her meeting with Chinese officials.Before the departure she said she was "very satisfied" about her meeting with Chinese officials.
"I have a very positive feeling following these talks, but it's up to them to convey their decision," Ms Lagarde told AFP news agency."I have a very positive feeling following these talks, but it's up to them to convey their decision," Ms Lagarde told AFP news agency.
Ms Lagarde has already visited India and Brazil.Ms Lagarde has already visited India and Brazil.
Mr Carstens is also continuing his tour: he is visiting India on Friday before going to the US next week. Mr Carstens is also continuing his tour - he is visiting India on Friday before going to the US next week.
Meanwhile, Mr Marchenko - whose candidacy was put forward by Russia and several other former Soviet republics - said that Ms Lagarde was the favourite to get the job.Meanwhile, Mr Marchenko - whose candidacy was put forward by Russia and several other former Soviet republics - said that Ms Lagarde was the favourite to get the job.
"There's a lot of information coming from different sources, which is implying that there's agreement between G8 countries about support for Madame Lagarde," Mr Marchenko told Britain's Daily Telegraph newspaper."There's a lot of information coming from different sources, which is implying that there's agreement between G8 countries about support for Madame Lagarde," Mr Marchenko told Britain's Daily Telegraph newspaper.
"If countries which together have more than 60% of the vote have agreed to support one candidate, then it's more or less a done deal," he added."If countries which together have more than 60% of the vote have agreed to support one candidate, then it's more or less a done deal," he added.
If there are only three candidates for the job, the IMF could announce them imminently. If there are more, it has one week to announce which three will go through to the final shortlist.
Since its creation, the top job at the IMF has gone to a European, while his or her counterpart at the World Bank has been American.Since its creation, the top job at the IMF has gone to a European, while his or her counterpart at the World Bank has been American.
China, India, Brazil and Russia have called for this tradition to come to an end, as their economies are now becoming more important in the global economy.China, India, Brazil and Russia have called for this tradition to come to an end, as their economies are now becoming more important in the global economy.
Correspondents say that while European countries are keen to appoint a European, there's some support for picking a leader from the developing world.Correspondents say that while European countries are keen to appoint a European, there's some support for picking a leader from the developing world.