New Delhi:  India is not leaving any stone unturned to extract the post of International Monetary Fund Chief from European nations, as the developing countries are seeking the representation from the emerging economies for the top post of the IMF. European countries however are determined to retain the IMF post.

According to reports, the lobbying is being made for the representative from the emerging economies especially the BRICs countries of Brazil, Russia, India, China and South Africa. However, they are yet to evolve a consensus on a common candidate.

Finance Minister Pranab Mukherjee said he is in touch with other finance ministers of the developing nation for the selection of the next IMF Chief.

“Our executive directors (in IMF) are meeting and exchanging views with other people. And, I am regularly being informed what is happening,” said Pranab Mukherjee on the sidelines of a conference.

The name of Deputy Chairman of India's Planning Commission Montek Singh Ahluwalia has figured in list of probable candidates.

The post of the IMF Managing Director fell vacant following the exit of Dominique Strauss-Kahn, who is being tried for charges of sexual assault.

There has been undisclosed agreement between US and Europe for the post of World Bank and IMF.  Normally, the US retains the post of President for the World Bank while the post of IMF Chief goes to European countries.

Some European nations have declared their support for French Finance Minister Christine Lagarde for the post of IMF chief, but Germany is yet to give a formal statement.