Sunday, 12 June 2011

Saudi calls for greater role in IMF on Lagarde visit | Reuters

Saudi Arabia will seek a greater role in the International Monetary Fund (IMF), its finance minister said on Saturday after meeting with France's Christine Lagarde on her campaign to head the Washington-based lender.

French Finance Minister Lagarde is the frontrunner for the job left vacant by the resignation of compatriot Dominique Strauss-Kahn, but she is working hard to persuade emerging powers angry that another European is being appointed.

"Saudi Arabia plays an important role in the world economy and so we will call for strengthening the kingdom's role and share in the IMF," Ibrahim Alassaf told reporters in Jeddah after the pair met.

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