Mubasher: The International Monetary Fund (IMF) said Friday its executive board selected Christine Lagarde to serve as IMF Managing Director for a second five-year term starting on July 5, 2016. The Board’s decision was taken by consensus.
In line with the selection process it had established on January 20, the Board held several discussions, including with Ms. Lagarde, the sole candidate nominated for the position, before making its decision today.
Following today's meeting, the Dean of the Executive Board, Mr. Aleksei Mozhin, said: “In taking this decision, the Board praised Ms. Lagarde’s strong and wise leadership during her first term. During turbulent times in the global economy, Ms. Lagarde strengthened the Fund's ability to support its members with policy advice, capacity building, and financing. She has also played a critical role in revitalizing the Fund’s relations with its global membership, including its emerging market and developing members.
