Lagarde makes case to lead IMF
WASHINGTON (AP) — French Finance Minister Christine Lagarde is making her case to become the new leader of the International Monetary Fund.
Lagarde says she outlined her vision for the global lending institution's future in a three-hour meeting with the IMF executive board and in separate one-on-one meetings with its members.
She said following the meetings that she believes the fund should be more responsive, more effective and more legitimate.
The board hopes to choose by June 30 between Lagarde and Mexico's central bank head Agustin Carstens. Lagarde is seen as the favorite.
Former IMF Managing Director Dominique Strauss-Kahn resigned last month after he was charged with sexually assaulting a New York City hotel housekeeper. He denies the allegation.