New IMF Chief Arrives for Work

It is the first day at the office for Christine Lagarde.

The former French finance minister begins her role as the new head of the International Monetary Fund, the first woman ever to do so in the fund’s 70-year history.

Lagarde has a lot on her plate. The IMF is playing a key role in trying to prevent a Greek government debt default that could spark another international financial crisis.

Meanwhile, emerging economies are hoping Lagarde’s leadership will lead to a bigger role at the IMF for developing nations, including key executive appointments and increased voting power.

Lagarde takes over after the abrupt resignation of former managing director Dominique Strauss-Kahn due to legal troubles.

Lagarde, seen here stopping for a photo op with senior IMF execs, will serve a five-year term.

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