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U.S. backs Christine Lagarde, former Chicago lawyer for IMF chief

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WASHINGTON-- French finance minister Christine Lagarde, former chair of Chicago's Baker & McKenzie law firm, is a step closer to becoming chief of the International Monetary Fund: on Tuesday, the U.S. endorsed her bid. Her appointment could come today.

Treasury Secretary Tim Geithner said in a statement, "I am pleased to announce our decision to support Christine Lagarde to head the International Monetary Fund. Minister Lagarde's exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy. We are encouraged by the broad support she has secured among the Fund's membership, including from the emerging economies. I also want to commend my friend, Agustin Carstens, on his strong and very credible candidacy."

Lagarde would replace Dominique Strauss-Kahn, facing charges on the attempted sexual assault of a hotel maid in New York.

SECRETARY GEITHNER SUPPORTS CHRISTINE LAGARDE

FOR IMF MANAGING DIRECTOR

WASHINGTON - Today, the U.S. Department of the Treasury issued the following statement from Secretary Tim Geithner.

"I am pleased to announce our decision to support Christine Lagarde to head the International Monetary Fund. Minister Lagarde's exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy. We are encouraged by the broad support she has secured among the Fund's membership, including from the emerging economies. I also want to commend my friend, Agustin Carstens, on his strong and very credible candidacy."

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Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

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This page contains a single entry by Lynn Sweet published on June 28, 2011 8:56 AM.

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