Press Information Bureau

Government of India

Ministry of Finance

29-June-2011 11:36 IST

Union Finance Minister Conveys his Felicitations to Ms. Chritine Lagaarde on Her Selection as Managing Director of International Monetary Fund

The Union Finance Minister Shri Pranab Mukherjee has conveyed his felicitations and good wishes to French Finance Minister Ms. Christine Lagaarde on her selection by consensus as Managing Director of the International Monetary Fund (IMF). In a letter to French Finance Minister Ms. Lagaarde, the Union Finance Minister Shri Mukherjee said that this reflects the high regard in which she is being held by the different countries of the world at large. Shri Mukherjee said that there is expectation that, under her leadership, the IMF will deal effectively and fairly with the serious challenges which confront the global economy. He said that a robust and sustained global economic recovery is a priority for all of us, as is the task of carrying forward the process of reform to ensure that emerging economies have a greater voice in the decision making processes of the IMF. Shri Mukherjee said that the Government of India looks forward to working closely with her in her new assignment.

DSM/SS

Selection of IMF Managing Director signals expectations for effective IMF leadership and reforms to boost emerging economies' voice. Union Finance Minister conveyed felicitations to Ms. Christine Lagarde on her consensus selection as Managing Director of the International Monetary Fund, noting expectations that under her leadership the IMF will address global economic challenges effectively and fairly, and emphasizing priorities of a robust global economic recovery and institutional reform to ensure emerging economies have a greater voice in IMF decision-making; the Government of India looks forward to cooperating with her.