Lagarde next IMF Managing Director – New Rules for Global Finance Coalition

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Lagarde next IMF Managing Director

11:20 a.m.

June 28, 2011

New Rules for Global Finance welcomes Ms. Christine Lagarde as the new Managing Director of the IMF and look forward to constructive engagement with her and the IMF.

We regret the process was not the open and inclusive process we called for. 

We anticipate that Ms Lagarde will continue the reforms her predecessor began in terms of openness to alternative ways of approaching problems and diversifying the background of staff. 

We encourage her to be inclusive in her conversations with Parliaments and civil society. 

She should require that all IMF policies anticipate the likely impact on people and the environment and modify those policies accordingly. 

Above all the new Managing Director must accelerate the pathetically slow baby-steps of governance reform at the IMF.