Washington. Christine Lagarde will lead the International Monetary Fund (IMF) in the future. The Fund has confirmed the second term of his Executive Director on Friday. The French woman is at the head of the powerful organization to which 188 Member States and which works mainly for financial support of non-performing States in July 2011th The former French finance minister was only candidate; the IMF Executive Board made the decision unanimously.
From 2000 to 2004, later Federal President Horst Köhler had led the organization in Washington. Traditionally, it is led by a European or a European, while the sister organization the World Bank is under American management.
“With this decision, the board has the strong and wise leadership of Ms. Lagarde first in their tenure appreciated “, said the head of the committee Alexei Mozin. In turbulent times Lagarde has strengthened the IMF’s membership. The IMF chief warned recently against too early tightening of interest rate policy in the US. This could bring poorer countries in difficulties.
Christine Lagarde has become as IMF director to one of the key figures in the euro crisis. Because the fund has also made some Member States as a condition for aid loans strict conditions, it is considered in some countries as a red flag. Recently there had been in rebellion against Greece Lagarde because the IMF has there made pension reform a condition for financial assistance. Many Greeks fear being cheated by their contributions. Lagarde himself was on Friday welcoming the confirmation in office. They had their candidacy and the support of the federal government.
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