Christine Lagarde to lead IMF


I am ridiculously excited about this! It is so nice to see an obviously qualified woman chosen as the consensus candidate of a hugely influential job, especially in what is viewed as a traditionally masculine field. Also, it is a welcome relief after the previous head was arrested for allegedly sexually assaulting a hotel maid.

According to the article, the International Monetary Fund is working on boosting female management, looking to have 25 to 30 percent of it’s management filled with women by 2014, up from the current 21.5%, according to this May 19, 2011 article in the New York Times. Hopefully this drive to increase female participation in management will also help the Fund to address the issues around sexual harassment raised in the article, which make the IMF sound like a harrowing, threatening place for a woman to work. Certainly, getting rid of a Managing Director with a history of at least one other sexual harassment claim while he worked at the Fund in addition to his currect legal troubles cannot hurt in the effort to improve the work environment for women. The Fund also hired Virginia R. Canter specifically to investigate harassment claims, which definitely shows some real commitment to improving the Fund’s environment and track record.

I am just glad to have another strong powerful woman that I can point my daughter to and say, look, it really is possible to do rise and succeed at something you are good at. It doesn’t have to be a boy’s club.

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