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Can France's Christine Lagarde get Brazil's support for her IMF bid?

French Finance Minister Christine Lagarde is seeking to replace her compatriot Dominique Strauss-Kahn, who resigned as IMF managing director earlier this month after he was arrested for sex crimes in New York.

France's Finance Minister Christine Lagarde shakes hands with Brazil’s Economy Minister Guido Mantega before a press conference in Brasilia, Brazil, on Monday, May 30. Lagarde has kicked off a global tour to promote her candidacy to head the International Monetary Fund beginning with a trip to Brazil.

Eraldo Peres/AP

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France’s candidate to head the International Monetary Fund was in Brazil this week to drum up support for her bid, but her hosts are still on the fence about whether to back the European candidate or throw their weight behind a contender from the developing world.

French Finance Minister Christine Lagarde is seeking to replace her compatriot Dominique Strauss-Kahn, who resigned as IMF managing director earlier this month after he was arrested for sex crimes in New York.

But Ms. Lagarde faces reticence from up-and-coming nations such as Brazil, who feel the Europeans have controlled the fund for too long.

Brazil, along with other emerging nations such as China and India, is pushing hard for more of a say in global governance. It wants a seat on the UN Security Council and widespread reform of agencies such as the World Bank and IMF.

Brazil believes that as one of the world’s fastest growing nations – and one relatively untouched by the global economic crisis – it deserves more power.

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