A Portrait of IMF Chief Christine Lagarde, profile this week in Time Magazine (Photo: TIME)

One of the Cyprus bailout's key architects is International Monetary Fund chief Christine Lagarde.

She's also a prominent political figure back home in France and her profile was reported, right in the middle of the Cyprus crisis, by Time's Paris correspondent Vivienne Walt.

Lagarde was Finance Minister under former President Nicolas Sarkozy, and took over the IMF in 2011 during very troubled times at its helm.

Vivienne Walt says Lagarde took over from IMF Chief Dominique Strauss Kahn who found himself involved in a sex scandal.

International Monetary Fund (IMF) executive director Christine Lagarde attends a news conference at the end of a Eurogroup meeting at the European Council building in Brussels, March 25, 2013. REUTERS/Sebastien Pirlet (Belgium - Tags: POLITICS BUSINESS) - RTXXWI6