Christine Lagarde is the New Director of IMF

The head of the French economy, Christine Lagarde would assume the charge as the director of the International Monetary Fund (IMF) on July 5. Lagarde competed with the Governor the Mexican Central Bank, Agustin Carstens.

Lagarde will replace the French Dominique Strauss-Kahn, who in the last month resigned from his charge after been accused of trying to rape an employee in a New York hotel. Lagarde will face several challenges, the main of those is to overcome the doubts about her impartiality regarding the current crisis of the debt that several European countries have.

Lagarde assured that if she was chosen, there will be only one thing in her mind “reinforce the consistency of the IMF mission.” The executive council, conformed by 24 members that represent the 187 countries in the financial entity, pointed out that both candidates were very qualified, but the objective was to choose one by mutual consent. (AV)

Source: EFE