<< Knowledge@Wharton: Of all the things that you do here, what are you most passionate about? What would you really like to make sure happens? It could be a small thing, it could be a large thing. What is it that really has your heart?
Lagarde: That’s complicated. I think it’s this issue of relevance … that is of real concern to me. You see, this is a very fascinating institution because it’s completely counter-cyclical. When the world around the IMF goes downhill, we thrive. We become extremely active because we lend money, we earn interest and charges and all the rest of it, and the institution does well. When the world goes well and we’ve had years of growth, as was the case back in 2006 and 2007, the IMF doesn’t do so well both financially and otherwise. >>
Knowledge@Wharton. Christine Lagarde: Emerging Market Nations Will Get More Power in the IMF. Apr 03, 2012
Tyler Durden. IMF’s Christine Lagarde: “When The World Goes Downhill, We Thrive”. Global Research, April 03, 2016