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French Finance Minister Christine Lagarde has been named the new managing director of the International Monetary Fund. She will become the first woman to hold the post.

French Finance Minister Christine Lagarde will become the first female chief of the International Monetary Fund, with the global lending organization naming her Tuesday as its managing director. Read more»

Agustin Carstens

French Finance Minister Christine Lagarde is the leading contender for the IMF's next leader, but Mexico thinks it has the "ideal candidate" for the post. The Mexican government is supporting the country's central bank boss, Agustin Carstens. Read more»