Christine Lagarde named IMF chief

France’s Finance Minister Christine Lagarde, 55, has been named the first woman to head the International Monetary Fund (IMF).

Ms Lagarde fought off Mexico’s Agustin Carstens for the job, although an IMF statement said that both candidates “were well qualified”.

She received backing from America and Europe and key emerging market nations, including China, India and Brazil.

The post became vacant following the resignation of Dominique Strauss-Kahn.

More:  http://www.bbc.co.uk/news/business-13951950

Categories: France

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