Leadership should better reflect its membership (June 3rd)
Christine Madeleine Odette Lagarde the 55 year old French Minister of Economic Affairs has been nominated with the support of UK and German governments as a possible successor to Dominique Strauss-Kahn following his resignation as Managing Director of the International Monetary Fund (IMF). Lagarde potentially also has support from the USA, along with many other EU nations. Despite 187 countries having representation on the IMF, there is a quota based voting system favoring the USA and EU, providing an unwritten convention that the USA nominates the president to the World Bank, and the EU nominates the managing director for the IMF. Although not an economist, Lagarde stated on her nomination “If I’m elected, I’ll bring all my expertise as a lawyer, a minister, a manager, and a woman”.
Inspired by Annie Lowrey http://ow.ly/55OFE image source MEDEF http://ow.ly/55OAE
