Lagarde Gets Second Term

Christine Lagarde

Christine Lagarde, IMF boss

The International Monetary Fund’s Executive Board has offered Christine Lagarde, Managing Director of the International Monetary Fund (IMF) a second term in office.

A statement issued by Ms Lagarde at the weekend said: “I am delighted to be given the opportunity to lead the IMF as Managing Director for a second term of five years, and I greatly appreciate the continued trust and support of the Fund’s Executive Board and our 188 member countries.”

She said over the past five years, the IMF has adapted and strengthened its capacity to respond to its members’ needs and is well-prepared to help them meet the challenges of the future.

“The global economy is undergoing a number of important transitions, and we are focused on helping our membership navigate these successfully—with our excellent staff delivering policy advice, capacity building and where needed, financial support. The Fund remains committed to its fundamental goal of helping to ensure global economic and financial stability through international cooperation.

“I look forward to serving our membership and carrying out our critical mission in the period ahead.”