The new executive director of the International Monetary Fund, French Christine Lagarde, promising to work to consolidate the authority of the organization and enhance global economic stability.
“The IMF has been serving its 187 member countries during the economic crisis and financial crisis, which led it to radically change,” Lagarde said in a statement following her appointment. “My goal at the head of our institution is to ensure that it continues on this path with the same determination and commitment.”
Lagarde, former French Minister for Economy, also thanked the countries that have supported and promised to seek ways to stimulate higher economic growth.
The head of the IMF, Christine Lagarde succeeds her compatriot Dominique Strauss-Kahn, who was arrested in the United States in May and faces trial for sexual harassment. She is the first woman to head the institution. According to the statement of the IMF, she will begin her term on July 5 for a period of five years.