23:18
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WASHINGTON (Reuters)-the International Monetary Fund on Tuesday elected French Finance Minister Christine Lagarde as the new CEO of the global lender.
"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 IMF said in a statement.
His victory was assured after emerging powers of China, Russia and Brazil declared their support for her and the United States followed with his approval before the Council meeting on 24-Member.
(Reporting by Lesley Wroughton; Editing by James Dalgleish)
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