Christine Lagarde named IMF chief

http://www.bbc.co.uk/news/business-13951950

France’s Finance Minister Christine Lagarde, 55, has been named the first woman to head the International Monetary Fund (IMF).

Ms Lagarde fought off Mexico’s Agustin Carstens for the job, although an IMF statement said that both candidates “were well qualified”.

She received backing from America and Europe and key emerging market nations, including China, India and Brazil.

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!” Ms Lagarde said via Twitter minutes after the announcement.

In a statement, the IMF said that its 24-member board regarded both candidates as highly suitable for the job, but had decided on Ms Lagarde “by consensus”.

Messages of support poured in, with UK Chancellor of the Exchequer George Osborne saying he was “delighted” and French President Nicolas Sarkozy calling it “a victory for France”.

Mr Carstens said he had sent Ms Lagarde his “best wishes and full support”, adding that he hoped she would “make meaningful progress in strengthening the governance of the institution”.

http://en.wikipedia.org/wiki/Christine_Lagarde

Lagarde was born in Paris as Christine Madeleine Odette Lallouette to academic parents. Her father Robert Lallouette was a Professor of English at the Faculty of Rouen; her mother Nicole worked as a teacher. After graduation in 1974 at the Lycée Claude Monet in Le Havre, she went with a scholarship to the Holton-Arms School, a girls’ school in Bethesda, Maryland, USA. Then she graduated from law school (Paris X), and obtained a Master’s Degree in political science from the Institut d’études politiques d’Aix-en-Provence (Sciences Po Aix). Since 2010, she presides the Institute’s board of directors.

Lagarde worked as an intern at the United States Capitol, as William Cohen’s congressional assistant.

Lagarde is a former member of the French national synchronised swimming team as a teenager. She is divorced and mother of two sons, Pierre-Henri Lagarde (born 1986) and Thomas Lagarde (born 1988). Since 2006 her partner is the entrepreneur Xavier Giocanti from Marseille. She is a vegetarian and never drinks alcohol. Her hobbies are yoga, scuba diving, swimming and gardening.

She is Roman Catholic.

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ticking a lot of boxes and did time in chicago..looks like a man anyway..nothing will change except the developing countries will think they have more say..they dont..the old money still runs the new money..

401

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~ by seeker401 on June 30, 2011.