1. Lagarde to Become Managing Director and Chairman of the IMF
Christine Lagarde, the finance minister of France, is set to begin her five-year term as the International Monetary Fund's managing director and chairman next month after defeating Mexican Central Bank chief Agustin Carstens. Lagarde was backed by the United Kingdom, Germany, and most European powers, as well as some Asian and African nations. The United States Treasury Secretary ... 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 co...
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