Christine Lagarde named IMF chief
France's Finance Minister Christine Lagarde, 55, has been named the first woman to head the International Monetary Fund (IMF).
Ms Lagarde fought off Mexico's Agustin Carstens for the job, although an IMF statement said that both candidates "were well qualified".
She received backing from America and Europe and key emerging market nations, including China, India and Brazil.
The post became vacant following the resignation of Dominique Strauss-Kahn.
"The results are in: I am honoured and delighted that the board has entrusted me with the position of MD of the IMF!" Ms Lagarde said via Twitter minutes after the announcement.
In a statement, the IMF said that its 24-member board regarded both candidates as highly suitable for the job, but had decided on Ms Lagarde "by consensus".
Messages of support poured in, with UK Chancellor of the Exchequer George Osborne saying he was "delighted" and French President Nicolas Sarkozy calling it "a victory for France".![]()