Effortlessly working for weeks for campaigning and negotiations have finally gained France's Christine Lagarde the position of being known as the new Managing Director of the International Monetary Fund. Also known as the first woman to head up the organization, Lagarde’s skills have continued the established tradition of having a European in the top job.

But the debt crisis is engulfing several European countries, which has also made it tougher for Ms. Lagarde to handle the work efficiently and led her to face some more challenges ahead, BBC's Michelle Fleury reported from Washington.

Thereby giving some advices to get the situation under control, Mohamed El-Erian, the Chief Executive Officer of Pacific Investment Management Co., wrote in the Financial Times that it necessitates Lagarde to initially start preparing the fund’s balance sheet for the risk of future impairment that could result from the loans that were made in the past year.

Also, the action would enable the fund to not follow the European Central Bank in obscuring a solvency problem by shifting a member-country’s debt to its own balance sheet, thus becoming part of the problem rather than part of the solution, the Pimco chief said.

"Lagarde has been more successful in consensus building to bridge relationships between advanced countries and emerging markets," Indonesia's Central Bank Deputy Governor, Hartadi A. Sarwono told Reuters.