Lagarde: goal to serve IMF's 'entire membership'

28th June 2011, Comments 0 comments

French Finance Minister Christine Lagarde, chosen Tuesday as the first woman to head the International Monetary Fund, stressed that she will serve the entire membership of the global emergency lender.

"The IMF has served its 187 member countries well during the global economic and financial crisis, transforming itself in many positive ways," she said in a statement.

"I will make it my overriding goal that our institution continues to serve its entire membership with the same focus and the same spirit."

Lagarde's nomination had drawn concerns that she would be overly focused on Europe's deep problems, especially the massive, unstable Greek bailout, and less attentive to the needs of other regions

She said she was "deeply honored" by the IMF executive board's choosing her over Mexican central bank chief Agustin Carstens.

"I would like to thank the Fund's global membership warmly for the broad-based support I have received," she said.

"As I have had the opportunity to say to the IMF board during the selection process, the IMF must be relevant, responsive, effective, and legitimate, to achieve stronger and sustainable growth, macroeconomic stability, and a better future for all."

© 2011 AFP

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