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Christine Lagarde named IMF chief

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  • Christine Lagarde named IMF chief

    Christine Lagarde named IMF chief

    23:44 - 28.06.11


    France's Christine Lagarde, 55, has been named the first woman to head
    the International Monetary Fund (IMF), the BBC News reported.

    The announcement of her appointment came soon after she received the
    backing of the US and Russia.

    Lagarde, the French minister of finance since June 2007, was up
    against Mexico's Agustin Carstens. An IMF statement said that both
    candidates "were well qualified".

    The post became vacant following the resignation of Dominique Strauss-Kahn.

    "The results are in: I am honoured and delighted that the board has
    entrusted me with the position of MD of the IMF!" Lagarde said via
    Twitter minutes after the announcement.

    In a statement, the IMF said: "The executive board of the
    International Monetary Fund today selected Christine Lagarde to serve
    as IMF managing director and madame chairman of the executive board
    for a five-year term starting on July 5, 2011."

    Lagarde, it said, was "the first woman named to the top IMF post since
    the institution's inception in 1944".

    The 24-member board called both Lagarde and Carstens, Mexico's central
    bank governor, "well-qualified candidates" and that it decided on Ms
    Lagarde "by consensus".

    Strauss-Kahn resigned abruptly on 18 May after being arrested in New
    York for an alleged sexual assault.


    Tert.am

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