Monday, 13 June 2011

Egypt, UAE back Lagarde's IMF bid - The National

The UAE and Egypt have thrown their support behind the IMF candidate Christine Lagarde as the French finance minister tours the Arab world to drum up support for her bid for the agency's top job.

Ms Lagarde said Bahrain and other Middle East nations were also backing her campaign.

Obeid Humaid al Tayer, the UAE Minister of State for Financial Affairs, said yesterday the "UAE's support for Lagarde to take up the post of the IMF director general sprang out of her role in leading the French Ministry of Finance and in recognition of her achievements, as well as the efforts she made during the G20 meetings under the rotating presidency of France."

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