Since its foundation in 1947, the IMF has always been run by a European, while the World Bank is usually headed by an American and all this in the strong arena of men and now it could be the real change with Christine Lagarde...
The 55 year old female French finance minister who put her name forward to replace Dominique Strauss-Kahn could become the first ever female to lead the International Monetary Fund.
The move could also open doors to others International Financial organisations to accept female to lead their organisation, the World Bank could there be on the list.
The French has already the backing of the EU. During the G8 summit in France, Obama didn`t officially approved that he is supporting the French but show his full support of having a female as a managing director of the IMF. Lagarde is on the way of becoming the first-woman to be managing director of the IMF in its 65 year history.
The real challenge now is to find whether Lagarde can carry the flag of emerging markets where ministers claim that the obsolete unwritten convention of appointing a European undermined the legitimacy of the Fund.Lagarde has already collected the 32% of the votes represented by the European Union.
The enthusiasm of a woman in the top job is well placed, although one might ask why when emerging nations are looking for the same top job now there is another French candidate. With the 16.7% of America votes on hold, Christine Lagarde is now the virtual unbeatable candidate for the top job at the IMF, despite the trifling matter of a judicial investigation...
The move could also open doors to others International Financial organisations to accept female to lead their organisation, the World Bank could there be on the list.
The French has already the backing of the EU. During the G8 summit in France, Obama didn`t officially approved that he is supporting the French but show his full support of having a female as a managing director of the IMF. Lagarde is on the way of becoming the first-woman to be managing director of the IMF in its 65 year history.
The real challenge now is to find whether Lagarde can carry the flag of emerging markets where ministers claim that the obsolete unwritten convention of appointing a European undermined the legitimacy of the Fund.Lagarde has already collected the 32% of the votes represented by the European Union.
The enthusiasm of a woman in the top job is well placed, although one might ask why when emerging nations are looking for the same top job now there is another French candidate. With the 16.7% of America votes on hold, Christine Lagarde is now the virtual unbeatable candidate for the top job at the IMF, despite the trifling matter of a judicial investigation...
No comments:
Post a Comment