The five IMF candidates have a limit until September

Europe has identified five candidates for the succession of Christine Lagarde as Managing Director of the International Monetary Fund as lender, fixed the claimants on September 6 as the deadline.

The candidates are the Spanish Minister of Economy and Business, Nadia Calviño, the Portuguese finance minister, Mário Rye, the former Dutch finance minister Jeroen Dijsselbloem, the executive director of the World Bank, Kristalina Georgieva, from Bulgaria, and the governor of the Finnish central bank, Olli Rehn, according to sources from the French Ministry of Economy and Finance. The Governor of the Bank of England, Mark Carney, one of the first candidates, was not on the list.

Lagarde resigned this month to head the European Central Bank. Europeans traditionally run the Washington-based IMF, and the next leader will face a global economy at its lowest level since the financial crisis. Just this week, the fund has further reduced its global growth outlook, which is already the lowest since the crisis, to a 3.2% expansion forecast this year.

Lagarde's resignation will take effect on 12 September. The liberation position has been occupied more often by French citizens than by any other country, and France is once again leading the process to reach a consensus. Additional time could be useful, or even give emerging markets the opportunity to present their candidate.

In a statement released on Friday, the IMF said its bid process will open on July 29 and end on Sept. 6. The Commission intends to complete the process by 4 October.

As heads of government the summer holidays begin, The moment is of particular interest. Traditionally, Europe had power over this post, but it was difficult to support a candidate.

It has been difficult to find anyone who can get enough support from European countries, and the French are now looking to expand the field by eliminating the established age limit, according to informed sources of the talks.

Under an agreement made more than fifty years ago The director of the IMF is European, while the United States elects the president of the World Bank. This tradition prevailed when the American David Malpbad was chosen as president of the World Bank in April.

But Europeans are not sure that President Donald Trump's government will do the same, and emerging markets have been saying for years that the deal reflects a world that has evolved since.