Accessibility links

Breaking News

Kazakh Candidate Drops Bid For IMF Chief

Grigory Marchenko
Kazakhstan's central bank chief, Grigory Marchenko, says he has dropped his bid to be the next chief of the International Monetary Fund.

Marchenko told CNN that it was "more or less obvious" that the job would go to French Financial Minister Christine Lagarde.

Marchenko had been a third candidate, with Mexico's Agustin Carstens also in the running to head up the IMF, a post left vacant after Dominique Strauss-Kahn resigned to fight sex crime charges.

compiled from agency reports