Carstens 'better' as new IMF boss, says Charles Adams

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The IMF board has short listed French Finance Minister Christine Lagarde and Mexican central bank chief Agustin Carstens to be the next head of the organisation.

Israel's Stanley Fischer had also been a contender but has now been ruled out.

Former IMF official Charles Adams, now with the Lee Kuan Yew School of Public Policy, says both candidates have their strengths, but argues that Mr Carstens would be a better head of the IMF.