Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

French presidential election: Over 40% remain undecided

Read more

EYE ON AFRICA

ICC orders Congo warlord germain Katanga to pay victims

Read more

MEDIAWATCH

Trumpcare Falls Before First Hurdle

Read more

THE WORLD THIS WEEK

Westminster Attack, Abadi in Washington (part 1)

Read more

THE WORLD THIS WEEK

Obamacare, Europe's Unholy Alliances, Martin McGuinness (part 2)

Read more

INSIDE THE AMERICAS

Export bans hit Brazil amid tainted meat scandal

Read more

#TECH 24

Inside Netflix's war room

Read more

FOCUS

French Catholic voters remain faithful to scandal-hit Fillon

Read more

PEOPLE & PROFIT

Growing ambitions: The forces driving India's economy

Read more

Business

Lagarde tipped for new 5-year term as IMF boss

© Mandel Ngan, AFP | IMF managing director Christine Lagarde speaks in Washington, DC in November 2015

Text by NEWS WIRES

Latest update : 2016-02-11

The International Monetary Fund said Thursday that its managing director, Christine Lagarde, is the sole candidate for the new term that begins in July.

Named to head the IMF in July 2011 for five years, Lagarde officially entered her nomination for a second term on January 22. She has received numerous expressions of support from officials in Europe, the United States and Latin America.

As the sole candidate, Lagarde, 60, is virtually assured a second term. The IMF executive board is expected to name the next managing director by March 3.

In 2011, Lagarde, a former French finance minister, easily won a contest with several developing country candidates to take over the IMF as Europe was sinking deep into economic crisis.

But her victory came amid criticism that the IMF's top job should not be locked down by a European, as it has since the institution was created in 1944.

(AFP)

Date created : 2016-02-11

  • UKRAINE

    IMF secures reform commitment from Ukraine after bailout warning

    Read more

  • WORLD ECONOMIC FORUM

    IMF's Lagarde seeks second term in shadow of court case

    Read more

  • World Economic Forum

    At Davos, IMF to urge EU nations to open job markets to refugees

    Read more

COMMENT(S)