Lagarde likely to emerge as IMF new chiefJune 28, 2011 - 11:08 AMT PanARMENIAN.Net - French Finance Minister Christine Lagarde looks set to emerge on Tuesday, June 28, as the International Monetary Fund's new chief, maintaining the tradition of a European heading the global lender, Reuters reports Lagarde, 55, should easily get the majority support of the IMF's board over Mexico's central bank governor, Agustin Carstens, to become the first woman to head the institution. While Carstens will get the backing of Latin America, Canada and Australia, his support appears too thin to break Europe's 64-year hold on the IMF post. The 24-strong IMF board meets on Tuesday to finalize a process that began in May after Dominique Strauss-Kahn resigned as IMF managing director to defend himself against charges of sexual assault and attempted rape. He denies the charges. IMF board directors, who represent the fund's 187 member countries, want to try to reach a consensus decision on a successor that would allow them to avoid a formal vote. It is possible the process could spill into Wednesday. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |