French woman could head IMF
French Finance Minister Christine Lagarde has emerged as the leading
contender to replace Dominique Strauss-Kahn at the International
Monetary Fund (IMF) as developing nations failed to unite behind a
US Treasury Secretary Timothy F. Geithner called for the quick
appointment of a new managing director, while the Obama administration
has avoided backing any one person.
European officials have moved to maintain control over the
institution that approved a record $91.7 billion in emergency loans last
year and provides a third of the euro-region's bailout packages.
Italy and Sweden have backed Lagarde, and the Handelsblatt newspaper
reported that the German government is preparing to support her.
"I would argue that Christine Lagarde has outstanding credentials,"
Swedish Finance Minister Anders Borg said.