Eric LeCompte the Executive Director of the religious development group Jubilee USA, releases the following statement:

"Lagarde brings a lot to the helm of the European Central Bank. She understands the concerns of potential financial crisis and the need for keeping women at the center of decision-making.

"Her legal background is important as our global economy needs more than economic forecasts and now requires legal solutions to ensure financial stability.

"During her time at the IMF, Lagarde dealt with the Greek crisis and came to understand that austerity is a deterrent for economic growth. This lesson is important as economic policies need to support growth and sustain employment across Europe."