<Tr> <Td> 10 </Td> <Td> 1 November 2007--18 May 2011 </Td> <Td> Dominique Strauss - Kahn </Td> <Td> France </Td> <Td> Economics, Law, politician, Minister of the Economy and Finance </Td> </Tr> <Tr> <Td> 11 </Td> <Td> 5 July 2011--present </Td> <Td> Christine Lagarde </Td> <Td> France </Td> <Td> Law, politician, Minister of Finance </Td> </Tr> <P> Previous managing director Dominique Strauss - Kahn was arrested in connection with charges of sexually assaulting a New York hotel room attendant and resigned on 18 May . The charges were later dropped . On 28 June 2011 Christine Lagarde was confirmed as managing director of the IMF for a five - year term starting on 5 July 2011 . In 2012, Lagarde was paid a tax - exempt salary of US $467,940, and this is automatically increased every year according to inflation . In addition, the director receives an allowance of US $83,760 and additional expenses for entertainment . </P> <P> Voting power in the IMF is based on a quota system . Each member has a number of basic votes (each member's number of basic votes equals 5.502% of the total votes), plus one additional vote for each Special Drawing Right (SDR) of 100,000 of a member country's quota . The Special Drawing Right is the unit of account of the IMF and represents a claim to currency . It is based on a basket of key international currencies . The basic votes generate a slight bias in favour of small countries, but the additional votes determined by SDR outweigh this bias . Changes in the voting shares require approval by a supermajority of 85% of voting power . </P>

Who is the managing director of international monetary fund