Lagarde appointed first woman IMF Chief (AFP)

WASHINGTON (AFP)-Christine Lagarde French was named Tuesday to be the first female Chief of the IMF, faced with a crisis immediately as the eurozone Greek violent protests rocked 2011.

French Finance Minister, widely respected for his leadership during the financial crisis in Europe over the past three years, was chosen to replace the French colleague Dominique Strauss-Kahn, who resigned abruptly on 18 may, after being arrested in New York for the alleged rape of a Chambermaid of the hotel.

"The Executive Committee of the International Monetary Fund today Christine Lagarde has chosen to serve as the IMF, CEO and President of madame of the Executive Committee for a term of five years starting in July 5, 2011," the Fund said in a statement.

Lagarde, said, "is the first woman named to the top IMF post since the inception of the institution in 1944".

The Council of 24 members called both Lagarde and his rival for the position, the Mexican Agustin Carstens central banker, "qualified applicants" and that it has decided the Lagarde for consensus.

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