The IMF chief encouraged female economists to "gang up together" and found allies and friends, "not necessarily women," to achieve their aspirations.

The two also talked about some of the biggest risks they took in their early life. Georgieva recalled the year 1990, when she got the invitation to be a visiting professor at the University of the South Pacific in Fiji, and she decided to leave her home country Bulgaria and went to the other side of the world.

"In my professional life, I have been very fortunate to dare; to dare is a very important thing," Georgieva said. "When people tell you that can't be done, you dare to say, well, why not?"

Lagarde said learning to overcome that fear and gain confidence is critically important. "Take a deep breath, tighten the muscle, think about something really nice, and just charge on, because you can do it."

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