Fischer’s Last-Minute IMF Bid May Not Slow Lagarde Momentum

Bank of Israel Governor Stanley Fischer’s last-minute bid for the International Monetary Fund’s top job may not slow Christine Lagarde’s momentum as she gathers support to run the Washington-based lender.

Fischer, 67, is betting his experience and a shortage of candidates will prompt IMF members to waive an age requirement that would exclude him from the managing director position, a person familiar with the situation said. Mexican central bank chief Agustin Carstens is also running.