Bloomberg News

Lagarde Wins Support of Egypt, Bahrain, U.A.E. for Her IMF Bid

June 12, 2011

June 12 (Bloomberg) -- French Finance Minister Christine Lagarde won the support of Egypt, Bahrain and the United Arab Emirates for her bid to become the next managing director of the International Monetary Fund.

Egyptian Foreign Minister Nabil el-Arabi said his government backed Lagarde’s candidacy, according Egypt’s state- run Middle East News Agency. Lagarde met with Egyptian officials, including el-Arabi and Finance Minister Samir Radwan, during a visit to the North African country today as part of her campaign to head the IMF.

Lagarde, one of three declared candidates for the post, told reporters in Cairo that she also has the backing of Bahrain and other countries that she didn’t identify.

“In this region, as an example, it honors me to have received the support of Bahrain,” she said, according to translated comments. “There are other countries that have expressed support for my candidacy.”

The U.A.E. supports Lagarde’s candidacy, the U.A.E.’s official Wam news service said today.

To contact the reporter on this story: Mariam Fam in Cairo at mfam1@bloomberg.net; Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net.


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