IMF head.

Kathimerini English - - Business & Finance -

South Africa’s for­mer Fi­nance Min­is­ter Trevor Manuel said he won’t stand as a can­di­date for man­ag­ing di­rec­tor of the In­ter­na­tional Mon­e­tary Fund as a dead­line for nom­i­na­tions closed yes­ter­day. “I’m not avail­able” for the po­si­tion, Manuel told re­porters in Jo­han­nes­burg yes­ter­day. “I haven’t thrown my hat in the ring.” French Fi­nance Min­is­ter Christine La­garde, who has the back­ing of Euro­pean Union na­tions, is the top can­di­date to take over from Do­minique Strauss-Kahn, who re­signed last month to fight a charge of at­tempted rape in New York. South Africa, which has lob­bied for a non-Euro­pean to head the fund, failed to win sup­port from other emerg­ing mar­ket coun­tries for a joint can­di­date.

(Bloomberg)

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