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French finance minister Christine Lagarde tapped for IMF job

In the wake of the DSK scandal (Dominique Strauss-Kahn), there is plenty of competition to replace him as IMF Director. French finance Minister Christine Lagarde is considered the favorite for the position, but there is debate whether or not a European should continue to be director (as has been the case since 1944, the founding of the IMF), or if an expert from an emerging economy should take the position. In any case, Lagarde just officially announced her candidacy for the position.

As is noted in the French press, the US is hesitating to give Lagarde its support since it might want to see an emerging economy director instead. The debate will continue.

She has vast experience, expertise, knowledge and was Chairman at a top firm (Baker & McKenzie) in the US, based in Chicago. She was even a guest in 2009 on Jon Stewart’s The Daily Show. Watch here.

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