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Lagarde
is chair/MD of the odious IMF, subsidiary of US fed gov, as crypt keeper of USD purchase power ("petrodollar") in the post-WWII imperial basket of "reserve currencies," or SDR credit tokens USD, JPY, EUR, GBP (RMB added 2008).

The principle function of this institution is lending USD to sovereign governments on terms and conditions ("structural adjustment programming") which have not produced desirable "development" goals of the borrowers' constituencies.

The odious World Bank is a subsidiary of the IMF. Few care who is the chief of the WB. The principle functions of this institution is (1) lead generation to borrowers and (2) supplementary IMF loan creation and reporting.

"Waves"
Lagarde publicized receipt of the "Lagarde List" CD of internat'l tax evaders (2010) from the Ministry of Finance, France.

Lagarde succeeded the perv Dominique Strauss-Kahn ("DSK") mid-term 2011.

Lagarde has ambiguously defended restructured IMF "odious debts" from her office, following some agitation in the ranks.

Lagarde has exquisite taste in jewelry and an inexplicably even, permanent "Coco" complexion.

Other than that ...

Diversity is the key to economic and political evolution.

by Cat on Wed Jul 3rd, 2019 at 03:17:48 PM EST
[ Parent ]
Lagarde is not de Guindos, Minister of Economy, Industry and Competitiveness of Spain, Ambassador to The City, UK .

Diversity is the key to economic and political evolution.
by Cat on Wed Jul 3rd, 2019 at 03:24:37 PM EST
[ Parent ]


Diversity is the key to economic and political evolution.
by Cat on Wed Jul 3rd, 2019 at 03:25:09 PM EST
[ Parent ]
The IMF and World Bank: Partners in Backwardness

I've haven't read any of his books. But demos of Hudson's ballast below the surface of innerboob chatter seldom disappoint me. Can't say the same for Krugman or Baker, yo.

Diversity is the key to economic and political evolution.

by Cat on Fri Jul 5th, 2019 at 01:03:47 PM EST
[ Parent ]
deck chairs

Europe needs to find candidate to head IMF: France

France was aware that support was building for Carney, the official added, saying that if Paris decided to back him it would be sooner rather than later. However, there is concern about the precedent backing [Mark] Carney would set since he is "basically a Canadian" even though he is highly regarded, the official said.
[...]
Traditionally the Washington-based IMF has been led by a European, while its sister [sic] institution the World Bank has been run by an American. At times, larger emerging market countries have sought to disrupt the duopoly with their own candidates.

Given that the World Bank presidency recently went to American David Malpass,

uh oh
the French official said there was no reason why the IMF should not go to a European again.

Other Europeans "well considered" in Paris for the IMF job include EU Competition Commissioner Margrethe Vestager and former Dutch finance minister Jeroen Dijsselbloem, the official said.



Diversity is the key to economic and political evolution.
by Cat on Sun Jul 7th, 2019 at 10:49:26 PM EST
[ Parent ]

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