Lagarde wins Dutch backing

take over the helm of the International Monetary Fund.
“It is extremely important for Europe to have a single candidate, and it would be very good if it were Christine Lagarde,” De Jager said on public radio in answer to a question. “She would have my total support.”

The IMF is scrambling to designate a successor to Dominique Strauss-Kahn, who resigned last week to face sexual assault charges, by the end of June.
The EU is expected to announce its candidate at the Group of Eight summit in Deauville, France, later this week.

An EU source said on Friday that Lagarde (55) was “practically a shoo-in” to become Europe’s candidate, although she has been dogged by a French judicial probe into allegations of abuse of power.
Lagarde is widely respected in global financial circles and well-liked by the United States – which controls 16,8 percent of the voting power on the IMF executive board.

Under a long-standing arrangement between Europe and the United States, a European has always held the top IMF job while an American leads its sister institution, the World Bank.
However, emerging nations have called for a chance to get the post.
Lagarde, already the first woman finance minister of a Group of Seven country, would become the first woman to head the IMF. – AFP.

Related Posts

Cabinet approves national youth policy

Mukudzei Chingwere, [email protected] CABINET has approved the National Youth Policy (2026–2030), a comprehensive empowerment framework aimed at addressing the most pressing challenges facing young people, particularly barriers to education, employment…

Teen jumps from moving taxi to escape kidnapping

Rutendo Nyeve, [email protected] A 19-year-old Victoria Falls woman jumped from a moving vehicle after a local taxi driver allegedly kidnapped her and drove towards Bulawayo Road instead of taking her…

Leave a Reply

Your email address will not be published. Required fields are marked *

×
×