1. Lagarde to Become Managing Director and Chairman of the IMF
... 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 Tim ... -Kahn, who was recently arrested in New York for sexual assault. Lagarde is the first woman to hold this position and was selected by a consensus vote (Rooney), "I am deeply honored have the trust placed in me by the Executive Board. I would like to thank the Fund's global membership...
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- Grade Level: Undergraduate