Monday, May 30

Diluted field for new IMF Chief

The International Monetary Fund on Friday said it nominations to replace Dominique Strauss-Kahn as Managing Director of Monday when accepted and hopes that the Select next head of the global lender by 30 June.

Shakour Shaalan, Dean a selection procedure largely Board of Directors adopted on the IMF Executive Board, which represents Egypt and a constituency of the countries from the Middle East, said of the 24-Member, which ensures that the selection in an "open wirdMerit based and transparent led"Kind and way.""

He said select candidates short listed and the next Managing Director of consensus.

Said former Turkish economy Minister Kemal Dervis on Friday, that he will not run. Britain's former Prime Minister Gordon Brown also said that he is not fishing the IMF Managing Director to replace that resigned in the midst of sexual abuse charges.

Brown, 60, was the Chief British Treasury for 10 years and has extensive experience in dealing with the IMF. However, Brown said Friday during a visit to Johannesburg, that he "makes a pitch for a job."

And Dervis said in a statement on the Wall Street Journal's website cited, that: "speculation about running the IMF in the Group of persons included has me with relevant experience." "But I have not and will not be a candidate."

With Brown and Dervis the race Christine Lagarde was hard-working Finance Minister France frank, as Europe's likely candidate for the IMF.

History: Sexueller 'Pirates' shuffling IMF for women

The IMF insists that his day-to-day business has not hurt, the departure of Strauss-Kahn but it is under pressure to find the billions of dollars of loans, which provides to stabilise world economy lead quickly to a body, a successor.

A new Chief would also closely from the seamy scandal to Strauss-Kahn, the this week to face charges in New York, which he tried, to stop rape maid hotel. He denies the charges and has vowed to prove his innocence.

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Strauss-Kahn, who resigned Wednesday, on Friday released from prison on bail, and in a hiding place on Wall Street where will he be under round-the-clock armed guard.

The IMF said Strauss-Kahn, commonly known in financial circles as DSK, a one-time severance payment of $250,000 would receive, but far less in the coming years of pension and related payments received Friday.

Chancellor to say all but approved LaGarde Angela Merkel on Friday, a press conference in Berlin: "mentioned under the name for the IMF following French Minister Christine Lagarde, is, I write up a review."

But diplomats said that some countries of the European Union in question whether the prestigious corporate lawyer, the first woman at the top of the IMF, which would be could be anointed, before a special court decides next month whether she studied in French proceedings should be provided.

A Reuters Economist poll 32 of 56 LaGarde thought most likely to succeed Strauss-Kahn was.

Chairman of the US law company Baker & McKenzie in Chicago, before she joined the French Government in 2005, she is a fluent English speaker and has experience of network load balancing the needs of rich and developing countries.

LaGarde under the microscope
LaGarde is under control.

A Prosecutor has recommended that they abuse for allegedly avoiding the justice its authority and impose a 285 million euro arbitration settlement with businessman and former Minister Bernard Tapie, overruling Ministry of finance experts at key stages are examined. She denies wrongdoing and says it is victim of a smear.

The Court of Justice of the Republic, a special jurisdiction, Ministers for crimes in Office, created to try rule whether it should be a full investigation is mid-June.

As Strauss-Kahn resigned on Wednesday, EU governments have rushed to find to European replacement before emerging economies have required long greater say in running the Washington-based global lender can a bid for the job of hooking.

Asian, Middle Eastern and African diplomats in which IMF emerging markets said Central a consensus candidate, with support for Dervis searched for. It was unclear how she approach would that Dervis is out of service now.

Diplomats said Belgium, whose Finanzminister Didier Reynders, his own ambitions of IMF can accommodate between the smaller countries was, who had queried whether LaGarde could be nominated before the Tapie case is resolved.

"We must be absolutely sure, that the candidate can serve until the end of the mandate of this time," said one.

Called for a transparent process to choose a successor on merit, but a European source said was Beijing LaGarde private backing China and Japan. She now need to get support in Latin America, that said source.

The Kazakh Central Bank Chief, Grigory Marchenko supports Russia and other States of the former Soviet Union.

The associated press and Reuters contributed to this report.

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