Not vying for IMF chief post, says Ahluwalia

At a time, when the developing nations are eyeing on International Monetary Fund chief's post after the arrest of Dominique Strauss-Kahn, India's Planning Commission deputy chairman Montek Singh Ahluwalia said Wednesday that he was not putting forward his name for the top IMF job.

I am not putting my name forward for any of these things. I am quite happy with what I am doing. I am not looking for a change, Ahluwalia told Reuters. He further added that it's the finance ministry which will take a decision on India's stand over the issue.

Kahn was arrested for alleged attempted rape of a hotel maid in New York, a scandal that has also upset his plans of becoming France's next president.

All 10 managing director positions in IMF have been held by Europeans since it was created in 1945, while 4 of them have been Frenchmen. As developing nations like Brazil, India and China build more macroeconomic muscle, they believe the Fund's leadership and philosophies are still too dominated by its US and European founders, said Time magazine.

The magazine further said that the development is likely to fuel calls from the developing world to drop the tradition whereby a European runs the IMF while an American runs its partner agency, the World Bank.