IMF's Carstens steps down for Mexican post

Agustin Carstens, deputy managing director of the International Monetary Fund announced Monday 16 October his intention to leave the Fund with immediate effect to accept an appointment in Mexico President-elect Felipe Calderon's transition team.

Announcing his intention to leave, Mr. Carstens said, "When I arrived in 2003, it was my intention to serve for five years. It is, therefore, with great regret that I have to say good-bye today in order to work in the service of my country."

"I am leavi