1. Lagarde to Become Managing Director and Chairman of the IMF
... , Germany, and most European powers, as well as some Asian and African nations. The United States Treasury Secretary Tim Geithner joined the group of supporters right before Lagarde was voted in (Rooney) "Minister Lagarde's exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy," Geithner said (Rooney). Lagarde will ... 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 a...
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