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Apr 3
The IMF Is Expected To Choose The Next Leader Lagarde
Tuesday, 28 June 2011 05:28

French Finance Minister Christine Lagarde, is expected to be selected early on Tuesday became the new leader of the International Monetary Fund (IMF).

Lagarde will become the first woman to lead the IMF. He will replace Dominique Strauss-Kahn, who resigned last month after being arrested on charges of sexual abuse at the hotel New York City. Lagarde was challenged by Agustin Carstens, an official of the central bank of Mexico.

Lagarde has broad support in Europe. And high officials of China said on Monday that Beijing supports Lagarde

Meanwhile, US officials still neutral. But most analysts expect the Obama administration's support for Lagarde. The combined voices of the u.s., Europe and China holds the majority of the votes at the IMF.