Christine Madeleine Odette Lagarde is a French lawyer and politician who has been the Managing Director (MD) of the International Monetary Fund (IMF) since 5 July 2011.
A noted anti-trust and labour lawyer, Lagarde was the first female chair of the international law firm Baker & McKenzie between 1999 and 2004.
On 16 November 2009, the Financial Times ranked her the best Minister of Finance in the Eurozone.
In 2014, Lagarde was ranked the 5th most powerful woman in the world by Forbes magazine. She was re-elected by consensus for a second five-year term, starting 5 July 2016, being the only candidate nominated for the post of managing director.
In 2017 Forbes ranked her Number 8 on their World’s 100 Most Powerful Women list.
In line with many other experts at IMF, Christine has also been sceptical about Britain quitting the world’s largest trade bloc.
In a speech made in December 2017 in London, she said, “Our forecast actually turned out to be the reality of the economy, which is one where sterling has depreciated, inflation has depreciated, wages have been squeezed as a result and investment has been slowed down and is certainly lower than we would expect it to be”.