1. Lagarde to Become Managing Director and Chairman of the IMF
... , 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 originally established in 1947 to aid failing economies in 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 growt...
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- Grade Level: Undergraduate