| Spaniard gets us nod as next imf chief { April 23 2004 } Original Source Link: (May no longer be active) http://www.abc.net.au/news/newsitems/s1093802.htmhttp://www.abc.net.au/news/newsitems/s1093802.htm
Last Update: Friday, April 23, 2004. 5:07pm (AEST) Spaniard gets US nod as next IMF chief
Former Spanish finance minister Rodrigo Rato looks certain to become the International Monetary Fund's (IMF) new chief as the United States, the IMF's biggest shareholder, threw its support behind his candidacy.
''He has excellent credentials to be in charge,'' US Treasury Undersecretary for International Affairs John Taylor told reporters.
Earlier in the day, the European Union formally nominated Mr Rato for the post of managing director, which has been vacant since Horst Koehler resigned in March to run for the German presidency.
The IMF executive directors will hold an informal meeting next Tuesday to discuss further steps in the board's consideration of the managing director post's candidates, the IMF said Thursday.
The IMF will hold a meeting of its policy-guiding International Monetary and Financial Committee on Saturday.
--Kyodo
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