http://www.bbc.co.uk/news/business-13499521Mexico's finance ministry has said it will nominate the country's central bank boss, Agustin Carstens, to head the International Monetary Fund (IMF).
France's finance minister, Christine Lagarde, is favourite to take the job. However, Mr Carstens may hope to benefit from a backlash among developing countries against Europe's historic domination of the position.
South Africa and Australia have said the next managing director of the International Monetary Fund should be appointed on merit and not nationality. The body has always been headed by a European, and UK chancellor George Osborne has joined other European leaders in backing Christine Lagarde for the post.
"For too long, the IMF's legitimacy has been undermined by a convention to appoint its senior management on the basis of their nationality," Australian Treasurer Wayne Swan and South African Finance Minister Pravin Gordhan said in a joint statement.