{"id":428087,"date":"2011-05-22T10:26:50","date_gmt":"2011-05-22T10:26:50","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/22\/britain-backs-french-woman-largarde-for-imf-post\/"},"modified":"2011-05-22T10:26:50","modified_gmt":"2011-05-22T10:26:50","slug":"britain-backs-french-woman-largarde-for-imf-post","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/22\/britain-backs-french-woman-largarde-for-imf-post\/","title":{"rendered":"Britain backs French woman Largarde for IMF post"},"content":{"rendered":"
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You Are Here: Home<\/a> \u00bb Africa\/International<\/a> \u00bb Britain backs French woman Largarde for IMF post<\/p>\n

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Page last updated at Sunday, May 22, 2011 10:10 AM \/\/ <\/span><\/div>\n

Britain has thrown its weight behind French finance minister Christine Lagarde to be the new head of the International Monetary Fund.<\/p>\n

Chancellor George Osborne described Ms Lagarde as the \u201coutstanding candidate\u201d to take over the helm of the world financial body.<\/p>\n

His endorsement will seal her status as the overwhelming favourite in the race to succeed Dominique Strauss-Kahn, who quit to fight charges of attempted rape in New York.<\/p>\n

It follows similar backing from German finance minister Wolfgang Schaeuble who said she is \u201coutstandingly qualified\u201d for the post.<\/p>\n

In a statement, Mr Osborne said: \u201cOn the basis of merit, I believe Christine is the outstanding candidate for the IMF \u2013 and that\u2019s why Britain will back her.<\/p>\n

\u201cShe\u2019s shown real international leadership as chair of the G20 finance ministers this year. She has also been a strong advocate for countries tackling high budget deficits and living within their means.<\/p>\n

\u201cWe support her because she\u2019s the best person for the job, but I also personally think it would be a very good thing to see the first female managing director of the IMF in its 60 year history.\u201d<\/p>\n

There is speculation that her appointment could be confirmed as early as next week at the G8 summit in the French resort of Deauville.<\/p>\n

The move has however angered some in the developing world who want to break with tradition and see a non-European installed in the post \u2013 reflecting the growing importance of the emerging economies.<\/p>\n

Mr Osborne\u2019s comments would also appear to represent the final nail in the coffin for Gordon Brown\u2019s hopes of gaining the job. David Cameron had previously made clear that he did not think the post should go to the former prime minister.<\/p>\n

Source: Press Association<\/p>\n\n

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