UAE backs France's candidate to IMF leadership

Abu Dhabi, June 13, 2011 (WAM) - The UAE supports candidacy of the French Finance Minister, Christine Lagarde, to the leadership post of the International Monetary Fund (IMF), Obeid Humaid Al Tayer, Minister of State for Financial Affairs, announced yesterday. The UAE's support for Lagarde to take up the post of the IMF director general sprang out of her role in leading the French Ministry of Finance and in recognition of her achievements, as well as the efforts she made during the G20 meetings under the rotating presidency of France. These meetings tackled important issues including those related to economic development, alleviating unemployment and high prices. - Emirates News Agency, WAM