Press Release No. 11/261

Press Release: Statement by Agustín Carstens on the Selection of the New IMF Managing Director

June 28, 2011

Following the election of the new Managing Director, Agustín Carstens, Governor of Banco de México, made the following remarks:

I welcome the selection of Christine Lagarde as Managing Director for the IMF, and extend her my best wishes and full support. I am sure that Ms. Lagarde will be a very capable leader of the institution.

At the same time, I hope that under Ms. Lagarde’s direction, the IMF will make meaningful progress in strengthening the governance of the institution, so as to assure its legitimacy, cohesiveness, and ultimately, its effectiveness.

Lastly, I full-heartedly express my gratitude for all the support that my candidacy received from different corners of the world.