The current IMF director, Christine Lagarde, has been in his current position since July 5, 2011. Prior to that, she was in the Union for the Popular Movement, a liberal-conservative political party. Christine Lagarde, whose family consisted entirely of teachers, from childhood chose a different path for herself. During her career, she changed several ministerial posts. She proved to be a true professional. Lagarde Christine even managed to become the first woman as Minister of Finance of the G8. And then the head of the IMF!
In 2009, the renowned Financial Times magazine named her the most successful finance minister in the eurozone. Two years later, it was she who was invited to become IMF director. So Christine Lagarde, whose nationality first caused claims from representatives of developing countries, proved her professionalism once again, which was confirmed by Forbes magazine in 2014, calling it the fifth in the list of the most influential women.
brief information
- Name: Lagarde Christine Madeleine Odette (maiden name - Laluette).
- Date of birth: January 1, 1956.
- Position: IMF Managing Director.
- Deputies: John Lipsky, David Lipton.
- The predecessor on a post: Dominic Strauss-Kahn.
- Political Party: Union for the Popular Movement.
- Religion: Catholicism.
Christine Lagarde: biography
The current IMF director was born in Paris. Her parents were teachers: her father was a professor of English, her mother was a teacher of Latin, Greek and French literature. Lagarde Christine spent her childhood with her three younger brothers in Le Havre. As a teenager, she was a member of the French national synchronized swimming team. After receiving a master's degree in 1973, the girl won a scholarship to study at a school for girls in the United States. During her stay in America, Lagarde Christine worked as an intern at the Capitol. She was an assistant to Congressman William Cohen and helped him communicate with French-speaking voters during the Watergate scandal. Before all the leading economies of the world knew about it, Lagarde received a master's degree from the University of Western Paris - Nanterre-la-Défense and the Institute of Political Studies Aix-en-Provence. She wanted to enter the National School of Administration of France, but did not score enough points in the exam.
Christine Lagarde: personal life
At the moment, the woman has two adult sons. Lagarde still bears the name of his first husband. Since 2006, is in a civil marriage with businessman Xavier Giocanti from Marseille. Kristin Lagarde takes care of his health, is a convinced vegetarian and rarely drinks alcohol. Her hobbies include exercising in the gym, cycling and swimming.
Professional career
Lagarde joined Baker & McKenzie, a large international law firm, in 1981. She specialized in antitrust and labor disputes. Five years later, Christine became a partner of the company and the head of the Western European branch. The birth of sons in 1986 and 1988 did not prevent her from making an excellent career. In 1995, she became a member of the executive committee, and in 1999 - its chairman. Christine Lagarde was the first woman to be awarded this position. In 2004, she became president of the Baker & McKenzie global strategy committee.
Government posts
In 2005, Christine Lagarde was offered the post of Minister of Commerce of France. Her main priority was the opening of new markets and the development of the technology sector. In 2007, Lagarde was appointed Minister of Agriculture, and then - the economy.
Appointment as IMF Head
In May 2011, Christine Lagarde announced her intention to become head of the International Monetary Fund after the resignation of Dominic Strauss-Kahn. It was supported by many leading economies of the world, in the list of which such powers as Great Britain, USA, India, Brazil, Russia, China, Germany are listed. The head of the Bank of Mexico, Augustine Carstens, was also nominated for this post. He could become the first non-European in this position. His candidacy was supported by many developing countries. However, on June 28, 2011, the IMF Council selected Lagarde as the managing director of the organization. She became the first woman in this post. The US supported the quick appointment of a new IMF head because of the European debt crisis. Nicolas Sarkozy called the appointment to this post natives of his country a victory for France. In December 2015, Finance Minister Michel Sapin announced that Lagarde could remain the head of the IMF, despite allegations of criminal negligence.
Authority Abuse Investigation
In August 2011, litigation began regarding the role of Lagarde in the arbitration agreement (403 million euros) in favor of businessman Bernard Tapi. In the summer of 2013, a search was carried out in her apartment. After two days of interrogation, Lagarde was declared a witness in the case. However, in August 2014, an investigation was launched into criminal negligence by Christine Lagarde. The investigating commission of three judges of the Court of Cassation will have to find out whether Lagarde is guilty of complicity in the "falsification of documents" and "inappropriate use of public funds." On December 17, 2015, it was announced that she should be brought to justice.
International Monetary Fund: Organization Brief
IMF is a special UN agency. Its main goal is the regulation of monetary relations between countries. Today it consists of 188 states. In the event of a balance of payments deficit, they are given short and medium term loans in US dollars. The creation of the IMF was one of the points of the Bretton Woods agreements; today it is the institutional basis of international relations.
The reserve currencies of the organization include the dollar, euro, pound sterling and yen. From October 1, 2016, the Chinese yuan will also be included in this list. The headquarters of the organization is located in the United States. The current head of the IMF is Christine Lagarde, who has held this post since 2011.
Views
In July 2010, Lagarde said in an interview that the IMF loan program for European countries was a very ambitious plan, completely unexpected and inconsistent. According to her, the International Monetary Fund had at its disposal a trillion dollars, which he was ready to provide, if necessary, to any country, be it Greece, Spain or Portugal. As for France, Lagarde noted that her home state needed to reduce the budget deficit and reduce the amount of external debt. After taking office, she immediately emphasized the need for the Greek government to take harsh measures as a prerequisite for providing additional assistance from the IMF. In 2012, Lagarde refused to review the agreement. However, in 2015, she personally contributed to the cancellation of the external debt of Greece. As for the views of Christine Lagarde, she describes them simply: "I agree with Adam Smith, and therefore liberal." At the same time, it allows government intervention in economic affairs in the conditions of market crises.
