1. Lagarde to Become Managing Director and Chairman of the IMF
... 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 ( ... the aftermath of World War II. Currently, the IMF controls monetary cooperation and exchange rate stability, as well as facilitating international trade and promoting economic growth (Rooney). Lagarde, a native of Paris, received her l...
- Word Count: 519
- Approx Pages: 2
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- Grade Level: Undergraduate