BRICS spring into action

With the same non-lightining speed they displayed during the IMF’s last selection process — and the same vagueness — the BRICS finance ministers, meeting on the sidelines of the G20 Finance Ministers’ meeting on this weekend in Mexico City — said they really should nominate someone.

The Reuters story quotes both the Brazilian and South African finance ministers, but no clue to the thinking of the weightiest of the bunch, China.

They never managed to in the case of the IMF, and they declined to support the Mexican nominee, Agustin Carstens. The Russians nominated the head of the Czech central bank during the previous IMF contest … so maybe they’ll come up with someone. But he didn’t inspire BRICS support either.

Can they agree on a candidate by March 23?

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