France's Christine Lagarde leads IMF race

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WASHINGTON South Africa's Trevor Manuel decided the race for the IMF make top job on Friday, French Finance Minister Christine Lagarde of an even firmer favorite nominated submit only a few hours before the deadline.

Emerging market powers such as Russia, India, and China, that they want to have declared an end to Europe's grip on the top job at the international lender, is calling on a Pact, in European hands of the IMF and the World Bank is run by an American.

"It is important to understand that decisions relating to the world of politics take place." Against this background, I have decided not to me, "Manuel, a respected former Finance Minister, told a press conference."

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He said it would be "unglucklichsten.", if we a European end with that of the EU is bound

The United States and Europe hold 48 percent of the vote at the International Monetary Fund, emerging Nations only 12 per cent.

With LaGarde lobbying African officials in Lisbon about her candidacy and the window for the nomination include Friday's emerging markets magazine reported earlier, that South Africa would call Manuel for the job.

Treated Manuel, the largest economy of Africa sent for a decade, has long considered an ideal candidate been touted to developing countries and had many seen as he only other declared rival Lagarde, Mexican Central of chief Agustin Carstens, whose policy views as too conservative by many of his colleagues emerging market are considered win more support than that.

LaGarde, a skilled negotiators with practical experience in the euro-zone debt crisis, is seen 2008 payment arbitration as clear favorite despite a legal investigation of their role in a hang over her candidacy.

A top French Court on Friday delayed until July 8 his decision on a formal investigation of the allegations by opposition left-wing MEPs, that she abused their authority for the authorization of a pay 285 million euro with a businessman friend of President Nicolas Sarkozy brought to open.

A French Finance Ministry official told of Reuters that legal recourse was usually and LaGarde earlier attended reporters in Lisbon, where the African Development Bank's annual meeting, that she was confident about the result.

She has denied any wrongdoing in the case and told the daily Le Parisien in comments published on Friday, when a request comes ahead she would only to be called as a witness and not have to defend themselves in court.

LaGarde has India in Brazil, and China for their merits for the IMF job tout flown and bears this weekend on their tour, Saudi Arabia and Egypt. On Thursday she spent Twitter an hour with the general public about her candidacy.

The African Union said Thursday it wanted to see a non-European in the order, but powers have failed emerging market to make coalesce behind a candidate of Europe's traditional grip during the work in question.

"Lagarde is the favorite,", said Jacques RELAND of global policy Institute. "The BRICS are still right and I do not believe that a new candidate from South Africa her candidacy given the importance of Europe and the United States can threaten votes."

The Fund names new Chief Executive on June 30.

Story: State Department: Clinton of not going anywhere

Frenchman Dominique Strauss-Kahn quit the post in may on charges he tried to rape maid Hotel New York.

A Reuters message, the Secretary of State Hillary Clinton in talks was to leave their jobs next year to head of the World Bank made it even more to get LaGarde appearance the IMF job, reaffirming the tradition of a European to the Fund and an American at the World Bank.

However, the report scored the State Department Thursday.

"The story is completely wrong," said Clinton spokesman Philippe Reines in the United Arab Emirates, where Clinton was involved in the international negotiations on Libya.

Four of the IMF 10 Managing Director since 1946 French but Lagarde, 55, would be the first woman in the job.

A former medal-winning synchronized swimmer and high-flying corporate lawyer, played a key role in Europe's battle to restore economic crisis and is France's G20 negotiators on economic issues as it holds the one-year Presidency.

An economics PhD from the University of Chicago, a paradise for the advocates of deregulation and laissez-faire economics has Carstens.

The associated press and Reuters contributed to this report.