Christine Lagarde (60) from France has been appointed as the Managing Director (MD) of the International Monetary Fund (IMF) for a second five-year term. She was sole candidate nominated for the post and was re-nominated by IMF’s Executive Board decision taken by consensus. Her new term will start on 5th July 2016 till 2021.
Ms. Christine Lagarde for first time was appointed MD in 2011 after IMF Board had initiated selection process on merit-based and transparent process. She was first woman to head the top post of IMF since its inception. Ms. Lagarde took the IMF’s top spot after its former managing director Dominique Strauss-Kahn was arrested in New York under rape allegations, charges that were later dropped.
Prior to this appointment, Ms. Lagarde had served as partner with the international law firm of Baker & McKenzie where she became Chairman of the Global Executive Committee in 1999, and subsequently Chairman of the Global Strategic Committee in 2004. She held the top post at the firm until June 2005 when she was named to her initial ministerial post in France. Lagarde has degrees from the Institute of Political Studies (IEP) and from the Law School of Paris X University, where she also lectured prior to joining Baker & McKenzie in 1981.
Extra Info :
IMF Headquarter : Washington, D.C.
Members : 188 Countries
IMF : The International Monetary Fund (IMF) is an organization working to foster global monetary cooperation, facilitate international trade, secure financial stability, promote high employment and sustainable economic growth and reduce poverty around the world.
Formation Year of IMF : 1945
So lets discuss some questions related to this article which can be asked in the upcoming exams :
1. Name the person who has been reappointed as MD of IMF.
2. Expand the term IMF .
3. How many countries are the member of IMF ?
4. Christine Lagarde belongs to which country ?
Courtesy : The Hindu