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On 28 June 2011, the IMF board elected Lagarde as its next Managing Director and Chairman for a five-year term, starting on 5 July 2011. The IMF's executive board praised both candidates as well-qualified, but decided on Lagarde by consensus.Lagarde became the first woman to be elected as the head of the IMF.
Gita Gopinath has been appointed as IMF Chief Economist by International Monetary Fund (IMF) Managing Director Christine Lagarde.
the IMF board elected Lagarde as its next Managing Director and Chairman for a five-year term, starting on 5 July