IMF race: Colombia backs Carstens, Lagarde ‘confident’

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Colombia has formally backed Mexican central bank governor, chief Agustin Carstens for the role of managing director of the International Monetary Fund (IMF).

"Colombia expresses support for the aspiration of Agustin Carstens and invites other governments of the Americas to join in backing this bid," Colombian foreign minister Maria Angela Holguin said in a statement.

The fact emerging economies have not, thus far, rallied behind one candidate has caused consternation. Holguin's plea to other

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