{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Lagarde to stand for IMF leadership, Chile, Belgium reax' data-url='/boclips/videos/5c54c4aad8eafeecae16a651' data-video-url='/boclips/videos/5c54c4aad8eafeecae16a651' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nLagarde to stand for IMF leadership, Chile, Belgium reax\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide arrival of French Finance Minster Christine Lagarde 2. Mid of Lagarde, reporters3. SOUNDBITE (French) Christine Lagarde, French Finance Minster:\"I have decided to announce my candidacy for the position of Managing Director of the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide arrival of French Finance Minster Christine Lagarde \u003cbr/\u003e2. Mid of Lagarde, reporters\u003cbr/\u003e3. SOUNDBITE (French) Christine Lagarde, French Finance Minster:\u003cbr/\u003e\"I have decided to announce my candidacy for the position of Managing Director of the International Monetary Fund. It is a decision I have given a great deal of thought, and one that has been made in agreement and with the full support of the President of the Republic and the Prime Minister.\"\u003cbr/\u003e4. Wide conference room\u003cbr/\u003e5. SOUNDBITE (French) Christine Lagarde, French Finance Minster:\u003cbr/\u003e\"Regarding what you call the 'Tapie gate,' (French businessman Bernard Tapie) there is an ongoing investigation procedure. This is a democracy. I insist of course that all those questions be clarified. I have total confidence in this procedure, because I have a clear conscience, and because I have always behaved in the Government's best interest, and in line with the law.\"\u003cbr/\u003e6. Wide journalist asking question\u003cbr/\u003e7. Close journalist\u003cbr/\u003e8. SOUNDBITE (French) Christine Lagarde, French Finance Minster: \u003cbr/\u003e\"Being a female European is not necessarily an asset, but it should not be a liability either. It is in this mindset, and with the aim to gather the largest consensus, that I announce my candidacy.\"\u003cbr/\u003e9. Lagarde leaving conference room \u003cbr/\u003e10. Pan departure\u003cbr/\u003e11. SOUNDBITE (English) Felipe Larrain, Chilean Finance Minister:\u003cbr/\u003e\"I think personally very highly of Christine Lagarde. She is highly professional, highly capable, I think she is a very strong candidate. What we have also expressed in several emerging markets is that this should be an open contest, open to people from emerging markets and based on merit and not based on geography. So I think that we should welcome candidates from all sides and I think she is a very, very strong one but there are good candidates also from emerging markets and in particular there is one declared candidate from Latin America but there are other candidates from different parts of the world, including South Africa, including I think Korea and I think it's good for the organisation that we have this open contest.\"\u003cbr/\u003e12. Cutaway of delegates\u003cbr/\u003e13. SOUNDBITE (English) Didier Reynders, Belgian Vice-premier and Finance Minister:\u003cbr/\u003e\"I have asked to have an European candidate for the IMF. I am sure that it is better to have a consensus on that so Christine Lagarde is an excellent candidate. This may be the first occasion to have a woman in charge in the IMF in such an international organisation so we will support the candidature of Christine Lagarde with a consensus in Europe. I'm sure that it's the only one goal to have a European candidate and if it's possible with the consensus of all.\" \u003cbr/\u003e14. Cutaway of delegates\u003cbr/\u003eFrench Finance Minister Christine Lagarde on Wednesday launched her bid to lead the International Monetary Fund, a candidacy that would put the first woman in charge of the fund but increases tensions with developing nations who want one of their own as head.\u003cbr/\u003eThe IMF's last managing director, Frenchman Dominique Strauss-Kahn, quit last week after he was accused of attempting to rape a New York hotel maid.\u003cbr/\u003eThe charismatic Lagarde, who spent much of her career in the United States, emerged as the front-runner for the job even before speaking out publicly.\u003cbr/\u003eThe 55-year-old spent headed the law firm Baker and McKenzie in Chicago before joining French politics in 2005. \u003cbr/\u003eWith excellent English, a direct manner and relatively pristine image, she is seen as a good candidate to quickly step into Strauss-Kahn's shoes and manage Europe's continuing debt difficulties as well as the myriad other challenges to the world economy.\u003cbr/\u003eBut potential legal troubles at home have clouded her candidacy, and some French critics say she would be a bad choice.\u003cbr/\u003eQuestions have surfaced about Lagarde's role in getting arbitration in 2008 for French businessman Bernard Tapie, who won euro 285 million (m) (449 million (m) US dollars) as compensation for the mishandling of the sale of sportswear maker Adidas. \u003cbr/\u003eLagarde was finance minister at the time of the decision. \u003cbr/\u003eA decision is expected June 10 on whether to open an investigation, according to French media reports.\u003cbr/\u003eLagarde said she has \"total confidence\" about the issue and that even if the investigation goes forward, she would maintain her candidacy.\u003cbr/\u003eThe IMF, which provides billions (b) in loans to shore up the world economy, has not had a woman director since its inception in 1945.\u003cbr/\u003eMany European countries, including Germany and Britain, have offered their backing to a Lagarde candidacy. \u003cbr/\u003eBelgian vice-premier and finance minister Didier Reynders on Wednesday said he backed the French Finance minister for the job as well. \u003cbr/\u003eEmerging economies have yet to rally behind a single candidate but say the job should be open to non-Europeans.\u003cbr/\u003eThe IMF has traditionally been run by a European, while the World Bank has been run by an American.\u003cbr/\u003eBut IMF officials representing Brazil, China, India, Russia and South Africa said in a joint statement on the eve of Lagarde's candidacy launch that they wanted to see the election of the next chief be \"truly transparent\" and merit-based.\u003cbr/\u003eChilean finance minister Felipe Larrain said that while he \"highly regarded\" Lagarde, geography shouldn't play a part in the selection.\u003cbr/\u003eThe decision on the next IMF leader is expected by the end of June. \u003cbr/\u003eIt will be made by the agency's 24-member executive board, whose officials represent the 187 IMF member countries.\u003cbr/\u003eThe United States, whose vote will be key in the ultimate decision, has not yet endorsed a candidate. \u003cbr/\u003eLagarde's announcement comes just before President Barack Obama comes to France for a summit of the Group of Eight industrialised nations, and may up the pressure on the US to make a call then.\u003cbr/\u003eThe French minister's popularity is based in part on her reputation for her deftness at international negotiations to stabilise the world economy during the world financial crisis. \u003cbr/\u003eShe also was seen as instrumental in getting the IMF and European Union to agree on rescue plans for Greece, Ireland and Portugal when their debt crises threatened the entire shared euro currency.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' 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