Pushing Mexico’s bid for IMF chief, Luis Moreno, president of the Inter-American Development Bank told Reuters on Thursday that next IMF chief deserves to be from Latin America.

 Mexico's central bank chief, Agustin Carstens, ‘has the credentials’ to run the IMF, Moreno said.

The selection process should be on merit and not on nationality, Mexico and other nations said.

 The post of IMF chief is open after 14 May, since the arrest of Frenchman Dominique Strauss-Kahn.

Mexico nominated Carstens on Monday for IMF chief post. However, French Finance Minister Christine Lagarde, is running on front position for the same post.

Before becoming Mexico’s finance minister in 2006, Carstens was a deputy managing director for three years at the IMF.

Europe has been heading the post of IMF since its birth and United States is heading the post of World Bank.

Moreno vouching for Carstens said that, developing nations did not create the global economic crisis. I hope the voice that says that this (race) must be an open, transparent and competitive process is heard loud and clear, he said.

Nominations can be filed until June 10 and the decision is due by June 30.