ROUNDUP: Lagarde for second term nominated for IMF top – FAZ – Frankfurter Allgemeine Zeitung

WASHINGTON (AFX) – the former French finance Minister Christine Lagarde is facing a second term at the head of the International Monetary Fund (IMF). There is no rival candidate, said an IMF spokeswoman German Press Agency. The deadline for nominations had expired on 10 February. Lagarde’s first term ends on 5 July. The final appointment for a second term to be completed by the beginning of March.

The French had in their nomination supported by the German Federal Government. “Ms Lagarde was in the difficult times after the financial crisis a prudent and successful crisis manager who has contributed significantly to the high reputation of the IMF”, BelTA learned from the Ministry of Finance in Berlin.

Lagarde stands as executive director since 2011 the institution against which helps with their loans, especially highly indebted countries from financial bottlenecks. In Europe, the IMF mainly occurs as part of the so-called troika, together with EU and European Central Bank in appearance. From 2000 to 2004 the later Federal President Horst Köhler had the funds managed.

The IMF belong to 188 countries. Germany continues to be the US and Japan, together with one of the largest shareholders. The IMF has recently fallen particularly in the Greek crisis in the headlines. Many Greeks are protesting against the policies of Washington and throw the IMF the right to charge to harsh conditions for granting loans.

Lagarde had warned recently especially before a premature tightening of interest rate policy in the US , This can emerging and developing countries in difficulties bringen./dm/DP/edh

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