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Europeans Stall on IMF Nomination as Draghi Rules Himself Out

  • French raise possibility of changing age limit to extend list
  • Europeans expect to agree on candidate by end of the month
Mario Draghi takes questions from journalists during a rates decision news conference in Frankfurt on July 25, 2019.
Mario Draghi takes questions from journalists during a rates decision news conference in Frankfurt on July 25, 2019.Photographer: Alex Kraus/Bloomberg

European countries are unable to agree on who should be the next head of the International Monetary Fund, with the French now looking to widen the range of candidates by getting rid of the job’s age limit, according to several people with knowledge of the talks.

The Europeans won’t be able to present a candidate by Friday as originally expected, said the people on condition of anonymity because the deliberations are private. Christine Lagarde is leaving after eight years to take over at the European Central Bank. A decision on who is to replace her is more likely the middle of next week, the people said.