French Finance Minister Christine Lagarde was selected Tuesday as the next managing director of the International Monetary Fund for a five-year term starting in early July, the IMF announced. Lagarde was selected by consensus rather than by a formal vote. Lagarde, 55, was chairman of the law firm Baker & McKenzie before joining the French government in 2005.
For more: Lagarde wins 5-year term as head of IMF - MarketWatch
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