IMF candidate Lagarde cancels Israel visit

By NADAV SHEMER
June 15, 2011 17:54

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

French Finance Minister Christine Lagarde informed the Israeli Presidential Conference on Wednesday that she will be unable to participate in next week's conference as she has been requested to appear before the International Monetary Fund executive board to be interviewed as its next managing director.

Lagarde is considered likely to beat her only opponent, Mexican Central Bank chief Agustin Carstens, to become IMF chief. Bank of Israel Governor Stanley Fischer also nominated for the position, but was informed on Tuesday that he was ineligible under the fund’s rules, which state that the managing director must be no older than 65 when they assume office.

While the conference said in a statement that it is disappointed Lagarde will not be participating, the event will still feature numerous economic and business leaders, including Fischer, European Central Bank Governor Jean-Claude Trichet and former World Bank President James Wolfensohn.

The Third Israeli Presidential Conference will be held from June 21 -23 in the International Convention Center in Jerusalem and will be attended by more than 4,000 people from around the world.

Related Content

Breaking news
July 20, 2018
Turkey, Netherlands agree to normalize ties

By REUTERS