Lagarde urges IMF reform as she seeks top job

23rd June 2011, Comments 0 comments

French Finance Minister Christine Lagarde called Thursday for further reform of the International Monetary Fund as she completed a round of interviews with IMF officials for the top job.

Speaking to reporters after a three-hour interview with the IMF executive board, Lagarde noted she had in recent days had "extensive" one-on-one discussions with its 23 directors.

"It's now for the membership to decide," she said. "I believe the Fund should be more responsive, certainly more effective and more legitimate.

"And that really entails many potential improvements but also continuation of the reforms that have been undertaken by my predecessor," she said, referring to scandal-tainted fellow countryman Dominique Strauss-Kahn.

The position of IMF managing director was left vacant after the May 18 resignation of Strauss-Kahn to fight charges of sexually assaulting a maid at a New York hotel.

Switching to French at the request of French reporters, Lagarde said her meeting with the board was "an opportunity to discuss with them the vision I have for the Fund."

She said the IMF was a "remarkable" institution with an "exceptional staff."

"It should become more responsive, more involved, more legitimate with regard to the integration of its 187 members. In any case, that would be my goal," she added.

© 2011 AFP

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