1. Lagarde to Become Managing Director and Chairman of the IMF
... succeed Dominque Strauss-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 warmly for the broad-based support I have received. I would also like ... the IMF, which is made up of 187 member countries, traditionally votes for a Western European official. However, many developing nations were very happy about the change. They argued that the IMF should consider...
- Word Count: 519
- Approx Pages: 2
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- Grade Level: Undergraduate