Friday, January 22, 2016

IMF: Lagarde is running for a second term –

Christine Lagarde candidate again for the post of IMF head. For this it is supported by several countries, because she was a “prudent and successful crisis manager,” says Finance Minister Wolfgang Schaeuble. The application process is not yet complete.

Christine Lagarde intends to stand again for the top official at the International Monetary Fund (IMF). “Yes, I am candidate for a second term,” the Frenchwoman told the television channel France 2 at the World Economic Forum in Davos. She has received support for example from France, Germany, Great Britain, China and South Korea.

Finance Minister Wolfgang Schaeuble called the French a “prudent and successful crisis manager”. In France they have great confidence in the 60-year-old, said Premier Manuel Valls. George Osborne, finance ministers of Britain praised Lagarde as an “extraordinary leader with vision and acumen.”

interested in the job of the IMF chief can still apply until 10 February. A decision on filling the post falls the institution on 3 March. The first term of the French Lagarde ends in July.

for the top job at the IMF individual countries nominate their preferred candidates usually. Only then explains this, if he wants to compete at all. Especially emerging markets, the informal agreement have questioned in recent years, increasingly, according to which the IMF is headed by a European and the World Bank by an American. Instead you want even more say in the two financial institutions.


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