Monday 23 January 2017

Christine Lagarde’s role at top of IMF official

Independent.ie reporters

Published 05/07/2011 | 12:57

Christine Lagarde, France's former finance minister, has officially taken over as head of the International Monetary Fund (IMF).

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The first woman to head the IMF, she was picked by its 24-member board after the post became vacant following the resignation of Dominique Strauss-Kahn in May.

She told staff today: “You will be able to count on me.”

Since then, charges of sexual assault made against him by a maid in a New York hotel are expected to be dropped within the next two weeks.

Ms Lagarde beat Mexico's Agustin Carstens to the job which has a five year term and has always been headed up by a European.

She received the support of Europe and a number of emerging markets like China and India.

A lawyer by trade, one of her biggest challenges will be to deal with the EU/IMF efforts to resolve the Greek debt crisis and stop in spreading to other troubled eurozone countries like Ireland.

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