Saudi Arabia Wants to Have a ‘Greater Role’ at IMF, SPA Reports
Saudi Arabia, the Arab world’s biggest economy, wants to have “a greater role” at the International Monetary Fund, the official Saudi Press Agency reported, citing the kingdom’s Finance Minister Ibrahim al- Assaf.
The world’s largest oil supplier has played an “important role” in stabilizing prices with its crude production, the news service said today, citing al-Assaf as saying during a press conference yesterday with French Finance Minister Christine Lagarde in Jeddah.
Saudi Arabia doesn’t want the IMF presidency limited to a certain region, the news service said, citing al-Assaf. The country will support the “best candidate" and ‘‘most efficient one from its viewpoint,’’ the news service reported.
Lagarde, Mexican central bank chief Agustin Carstens and Bank of Israel Governor Stanley Fischer are in the race to succeed Dominique Strauss-Kahn, who resigned last month after he was charged with attempted rape, as managing director. Strauss- Kahn has pleaded not guilty.
To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net
To contact the editor responsible for this story: Andrew J. Barden in Dubai at barden@bloomberg.net
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