IMF Will Decide On Strauss-Kahn's Replacement By End Of Month

06/20/2011 08:18 pm ET | Updated Aug 20, 2011

WASHINGTON -- The International Monetary Fund says it will interview the two leading candidates for the top job at the 187-nation lending institution this week with the goal of completing the selection process by June 30.

The IMF said in a statement that Agustin Carstens, the head of Mexico's central bank, would meet with the IMF's executive board on Tuesday, and French Finance Minister Christine Lagarde would be interviewed by the board on Wednesday.

Lagarde is considered the front-runner for the position to succeed former IMF Managing Director Dominique Strauss-Kahn, who resigned last month after his arrest on sexual assault charges. The IMF said that its 24-member executive board would meet on June 28 to pick a new managing director with the aim of completing the selection process by June 30.