IMF: Lagarde approved as new IMF chief

28th June 2011

Ms Lagarde, the French finance minister had been a sure bet for the job when her appointment was backed by the US and Russia earlier in the week.

Tim Geithner, US treasury secretary, had said "Minister Lagarde's exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy."

One of Ms Lagarde's first tasks will be to tackle the Greek debt crisis.

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