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Mexico fields candidate to lead IMF. Does he have a shot?

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Carlos Jasso

(Read caption) Mexico's Central Bank Governor Agustin Carstens gestures during a news conference in Mexico City May 23, 2011.

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With the top IMF position open following the recent scandal, developing nations in Latin America, Africa, and Asia are looking for a candidate who can finally break the European stranglehold on the position.

Mexico Central Bank Governor Agustin Carstens appears to have become a leading candidate for the job. While he's not likely to beat a unified European selection of French Finance Minister Christine Lagarde, he could make it a close race and put the US in a tough spot of choosing between Europe and Mexico.

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