French finance minister meets top economic officials; presser

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• published: 30 Jul 2015
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SHOTLIST 1.Tilt down of Brazilian Central Bank building 2. Mid of Central Bank entrance 3. Wide of French Finance Minister Christine Lagarde with Brazilian Central Bank president Alexandre Tombini 4. Mid of Lagarde and Tombini shaking hands 5. Wide of same 6. Pan from journalists to Lagarde at news conference 7. Mid of reporter 8. Mid of Lagarde with interpreter at news conference 9. SOUNDBITE (English) Christine Lagarde, French Finance Minister: "It is difficult for me to say how much support I have received. What I know is that I have received support from different corners of the world, ranging from Europe to Africa to Asia, and those are the explicit and sort of public supports that have been expressed. I would hope that whoever is the candidate selected will have drawn enough consensus so that he is the candidate of the entire membership." 10. Cutaway of photographer 11. SOUNDBITE (English) Christine Lagarde, French Finance Minister: "The universality of the fund (IMF) has to be demonstrated at all levels, whether it translates into voting rights, into quotas, into seats on the board. All of that needs to be adjusted on a regular basis. It's typically every five years, but on occasions it has to be accelerated because the world is changing faster than every five years. So, I can't predict the future, I don't have a crystal ball, but I would hope that the fund could be flexible, responsive, reactive and proactive enough in order to cope with the changing of time and the changing of economic circumstances so that the fund is actually legitimate." 12. Mid of photographer 13. Wide of news conference STORYLINE: French Finance Minister Christine Lagarde met with her Brazilian counterpart on Monday to promote her candidacy to head the International Monetary Fund (IMF). Lagarde said she backed the IMF's reforms giving developing nations more of a voice in its operations. Despite the overture, Brazil's Finance Minister Guido Mantega said his country would examine all the candidates for the top job before throwing its support behind anyone. The only other declared candidate, Mexico's central bank Governor Agustin Carstens, plans to visit Brazil later this week. Lagarde, who would be the IMF's first female leader, has emerged as the odds-on favourite to replace former managing director Dominique Strauss-Kahn, of France, who quit on 18 May after he was accused of sexually attacking a New York hotel maid. He has denied the allegations. Lagarde said the IMF should continue reforms giving developing countries a greater share of votes in the institution, among other measures. At a news conference, Lagarde added: "The universality of the fund has to be demonstrated at all levels, whether it translates into voting rights, into quotas, into seats on the board." Lagarde is touring the globe's big developing powers in anticipation that her appointment may increase tensions with nations such as Brazil and China that argue countries outside of Europe should be allowed to lead the organisation. "Whoever is the candidate selected will have drawn enough consensus so that he is the candidate of the entire membership," Lagarde told reporters after meeting Mantega. The decision on the next IMF leader is expected by the end of June. It will be made by the agency's 24-member executive board, whose officials represent the 187 IMF member countries. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/3160b7bc2538ad4050de038b45036044 Find out more about AP Archive: http://www.aparchive.com/HowWeWork