Lagarde to visit China in June to discuss IMF bid

BEIJING Thu Jun 2, 2011 6:45am EDT

France's Finance Minister Christine Lagarde attends a news conference in Brasilia May 29, 2011. REUTERS/Ueslei Marcelino

France's Finance Minister Christine Lagarde attends a news conference in Brasilia May 29, 2011.

Credit: Reuters/Ueslei Marcelino

BEIJING (Reuters) - French Finance Minister Christine Lagarde will visit China in early June and will meet leading officials from the People's Bank of China to discuss her candidacy to head the International Monetary Fund, China's foreign ministry said on Thursday.

"Madame Lagarde will visit China in early June. Relevant responsible officials from the People's Bank of China will meet with her," the ministry's spokesman Hong Lei said.

"The selection of the deputy executive general and others is crucial to the vigorous reform of international financial institutions. The selection of management should respect the principles of being merit-based and transparent," he said.

(Reporting by Ben Blanchard)

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