New International Monetary Fund managing director Christine Lagarde (center) walks with John Lipsky, who was acting IMF managing director, as they leave following a news conference at the IMF in Washington on July 6, 2011. (Associated Press)

Photo by: Susan Walsh

New International Monetary Fund managing director Christine Lagarde (center) walks with John Lipsky, who was acting IMF managing director, as they leave following a news conference at the IMF in Washington on July 6, 2011. (Associated Press)