BEIJING (Reuters) - the candidate high to run the Monetary Fund International, the French Finance Minister Christine Lagarde, said that she supported a greater share of the China Fund while clarifying that the crisis in the euro area would be a priority if it wins the work.
LaGarde made the comments in Beijing, the latest leg of his tour of the world to obtain support for his candidacy FMF. It is considered the favorite to replace the former IMF Chief Dominique Strauss-Kahn, who was arrested month last on charges of sexual assault.
Lagarde said his talks with the Chinese Central Bank and Ministry officials finance on his candidacy were positive, but it has ceased claiming support of Beijing.
"I am very positive about my trip to China, but the decision did not belong to me." It belongs to the Chinese authorities, "she told a press conference at the France Embassy in Beijing."
"I am confident, that I'm very positive on the meetings, I got so far." Some Governments and some countries have decided to make public at the beginning. My feeling is that it is too early to count your chickens, if I may say. ?
China has not spelt out if it supports Lagarde, but she joined the other big emerging economies by requiring the IMF and other international financial institutions give greater attention to their demands.
And in Beijing, Lagarde said she listened to these requirements. She said that she supported the decision to increase rights vote China IMF 3.65% to 6.4% and also said the Organization would help Beijing internationalize its yuan currency.
After his talks with Chinese Deputy First Minister Wang Qishan and the Central Bank Chief Zhou Xiaochuan Wednesday, Lagarde suggested that there is room to more than the IMF reforms to give increasing savings more say.
"The second thing that we have also agreed on was that the trends of reforms that took place must be prosecuted and should be developed, both to the governance of the Fund, to the representativeness of its members, in particular with the countries that are underrepresented, as is the case with China," she said.
But Lagarde also clear, however, that its priority if it becomes Director-General of the IMF will euro zone crisis that continues to threaten the Greece, the Portugal and other European economies struggling to reduce the yawning fiscal deficits.
"It is clearly the priority of the operations of the Fund at this time," she said of the crisis of the euro.
She urged the Greece to emulate the Portugal seeking to form a political alliance wide to push through painful reforms.
Prime Minister of the Portugal waiting, Pedro Passos Coelho, started negotiations for formal coalition with the CDS - PP Droitiste party to seek a Pact to form a majority government.
"A large force of the Portugal that I hope that the Greece will be able to emulate is that Portuguese political parties and authorities joined forces and formed an alliance." That was critical, Lagarde said.
Finance Minister Pranab Mukherjee the India of said on Tuesday that the country had not committed to support the submission of Lagarde despite his visit, a sign that the India is perhaps still hopeful to appoint another candidate.
The main obstacle to Lagarde bid for the top IMF job is the possibility of an investigation on his role in a payment of arbitration 2008.
The Central Bank of the Mexico Chief Agustin Carstens, who is also in competition for the position of IMF, is due to visit China next week.
Lagarde said the new IMF head selection process should be open, transparent and based on merit, adding that the reform of the IMF should continue to benefit from the emerging economies that are under-represented, including China.
(Written by Kevin Yao;) (Editing by Ken wills)
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