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Lagarde Leads Carstens in IMF Race as Nominations Close

Christine Lagarde, who has taken her campaign to head the International Monetary Fund to India and China while keeping her fans posted on Twitter, may be poised to defeat her main rival, Agustin Carstens.

With hours before the deadline to submit nominees, the French finance minister has the backing of European Union countries, and Russian Prime Minister Vladimir Putin has voiced his support. Carstens, Mexico’s central bank governor, says he’s backed by 12 Latin American nations while he hasn’t garnered endorsements from Argentina and Brazil.