IMF Seat Beckons

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Christine Lagarde, the French Finance Minister is expected to be chosen as the new leader of the International Monetary Fund (IMF).

According to media reports, Lagarde has widespread support in Europe and from the Middle East. If Lagarde gets the job, she will be the first woman to lead the lending organization replacing Dominique Strauss-Kahn.

Though the US has not publicly announced their support to Lagarde; it is learnt that the Obama administration is backing their support to Lagarde. Combined with the votes from United States, Europe and China, who hold the majority of votes on the IMF board, Lagarde?s winning chances look brighter.

Sources: Economic Times; AP; International Business Times

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