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June 29, 2011 6:50 am

Lagarde to Head IMF

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Washington Post – French Finance Minister Christine Lagarde on Tuesday became the first woman and the first non-economist appointed to head the International Monetary Fund, an agency that is facing some of its deepest challenges since its founding 66 years ago.

She will have to jump immediately into crisis negotiations over Greece, navigate demands from developing nations for more power in the agency, and cope with the internal fallout from the sexual assault arrest of former managing director Dominique Strauss-Kahn.

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