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Monday, May. 21, 2012 |  Syndicate content

U.S. backs France's Lagarde for IMF post

Page last updated at 08:39 GMT, Tuesday, June 28, 2011 - 13:39 EST

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CNN Money:

French Finance Minister Christine Lagarde is the front runner to replace Dominique Strauss-Kahn as managing director.
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U.S. Treasury Secretary Tim Geithner said Tuesday that he supports French finance minister Christine Lagarde as head of the International Monetary Fund.

"Minister Lagarde's exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy," Geithner said in a statement.

The global financial organization is expected to vote on a new managing director as early as Tuesday to replace Dominique Strauss-Kahn, who was arrested in New York last month on sexual assault charges.

Read the whole story: CNN Money

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