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Watch Christine Lagarde’s full interview
The head of the International Monetary Fund, Christine Lagarde, has been speaking to the media on the second day of her new role.The former French finance minister said the IMF must better reflect the shifting balance of power in the global economy.Mrs Lagarde takes over from Dominique Strauss-Kahn who resigned in May to face allegations of sexual misconduct.She confirmed to the BBC’s Stephanie Flanders that her contract includes a new clause requiring her to uphold the "highest possible ethics".Transcript is below.Stephanie Flanders: So Christine Lagarde, you are here, the first woman managing director, first week in the job. What you're going to do? What are you going to change around here?Christine Lagarde: Second day in the job, not even the first.Stephanie Flanders: First week.Christine Lagarde: Maybe the first week, but only the second day. I will try to engage as many people as possible. What I know about the fund as a shareholder, as a member, as a client, which I was for the last six years or so, is that there are multiple talents, extremely smart individuals, a lot of expertise, a lot of background on difficulties and ways to recover or ways not to recover. And my first priority will be to engage people, to make sure that we are focused on providing actually user-friendly services ranging from surveillance to actual financial support. That will be my key objective. We have got lots of priorities as you can imagine, but that will be the overarching goal.Stephanie Flanders: You've talked about the importance of women coming into top jobs, but not wanting women to get special treatment but to prove themselves in the top job. But I guess you did get a special leg up just from the fact that you are a European. Do you feel comfortable with that?Christine Lagarde: You may have noticed that before I was elected, I went around the world to actually explain what I stood for, and I made a point of visiting in particular the emerging market economies, because ther...
Video Length: 0
Date Found: July 07, 2011
Date Produced: July 06, 2011
View Count: 1
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