Bank Of Baku

Kazakh banker withdraws bid to head IMF

Kazakh banker withdraws bid to head IMF
# 13 June 2011 10:15 (UTC +04:00)
Baku - APA-Economics. The head of Kazakhstan’s central bank, told CNN Friday he is withdrawing his bid to head the International Monetary Fund, APA reports.

Grigory Marchenko said it is "more or less obvious" that the job will go to French Financial Minister Christine Lagarde.

The post of IMF chief has historically been reserved for a Western European candidate. Representatives of various developing countries have been trying to break that tradition in the wake of the resignation of Dominique Strauss-Kahn, who is facing charges related to the alleged sexual assault of a hotel maid in New York.
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