Russia wants Czech governor Tosovsky to head IMF

Russia has nominated Josef Tosovsky, the former head of the Czech National Bank and the current chair of the Bank for International Settlements' Financial Stability Institute, to take over from Rodrigo Rato at the International Monetary Fund (IMF).

Tosovsky's nomination, which he has accepted, goes against the EU's decision to suggest Dominique Strauss-Kahn, France's former finance minister, for the role.

The Russian finance ministry said on Wednesday: "We consulted widely with colleagues fro

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