Christine Lagarde: First woman to head the IMF

By on Jul 6, 2011 in Europe, World Comments

Christine Lagarde
Image Credit: John Thys/Getty Image

Christine Lagarde, France‘s ex finance minister, is the first woman to take over as head of the IMF (International Monetary Fund), as reported by various international news sites, July 5, 2011.

The 24-member board of the IMF had reportedly chosen Christine Lagarde as the new head after the post became vacant following the resignation of Dominique Strauss-Kahn.

It was revealed that two highly suitable contenders,  France’s Christine Lagarde and Mexico‘s Agustin Carstens, battled for the position. Lagarde got the job as she received support from the EU, US and emerging market nations of China, India and Brazil.

Apparently, even with Lagarde’s distinction as being the first woman to become director since the IMF’s creation back in 1944, she still maintained the tradition of IMF being headed by a European.

Following her appointment as head, she was reportedly quoted expressing her “overriding goal” for the IMF to “continue serving its entire membership”.

“As I have had the opportunity to say to the IMF board during the selection process, the IMF must be relevant, responsive, effective and legitimate, to achieve stronger and sustainable growth, macroeconomic stability and a better future for all,” she adds.


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