Carstens is visiting the IMF on June 20-21 and will meet with the board on June 21. Lagarde is visiting on June 22-23 and will meet with the board on June 23.
"During their visits, both candidates will also meet bilaterally with the executive directors," an IMF spokesperson said.
"During their informal meetings with the board, each candidate will present their views on issues facing the fund and the membership and the Executive Directors will be able to exchange views with the candidates," the spokesperson said.
The IMF Board is scheduled to meet on June 28 to discuss the strengths of each candidate, with the aim of completing the selection process by June 30, the spokesperson said.
"In terms of the selection process, although the board may select a Managing Director by a majority of the votes cast, the board's objective is to select the Managing Director by consensus in a formal meeting," said the spokesperson, adding that the final selection of the next Managing Director will be announced through a press release.