1. Lagarde to Become Managing Director and Chairman of the IMF
... 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 warmly for the broad-based support I have received. I would also like to express my respect and esteem for my colleague and friend, Agustin Carstens," she said (Rooney). The global financial institution desperately needed a ... 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 Asi...
- Word Count: 519
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate