1. Lagarde to Become Managing Director and Chairman of the IMF
... Greece and Greece must itself take charge in a responsible manner" (Rooney). She is also a surprising successor because the IMF, which is made up of 187 member countries, traditionally votes for a Western European official. However, many developing nations were very happy about the change. They argued that the IMF should consider candidates from rising economic powers in Asia and South Africa (Rooney). "I will make it ... my overriding goal that our institution continues to serve its entire membership with the same focus and the same spirit," said Lagarde (Rooney). The fund was original...
- Word Count: 519
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate