Lagarde set for second term as IMF chief

February 11, 2016 23:19

IMF chief Christine Lagarde became assured today of a second five-year term after the global financial institution announced there were no other

candidates for the position.

"One candidate, current Managing Director Christine Lagarde, has been nominated," the IMF executive board said in a statement. The new term begins in July.

The United States, the largest IMF stakeholder and long a strong supporter of Lagarde's leadership in steering the crisis lender through a critical time for the global economy, swiftly declared its official backing today.

Named to head the IMF in July 2011, Lagarde, 60, also has received numerous expressions of support from officials in Europe and Latin America.

No other candidate had emerged for the position by the time the nominating process closed yesterday.

« Back to LIVE

TOP STORIES

IPL 2024 MVP: Sunil Narine Races Away

Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2024 after Match 54.

Digvijaya Singh Eyes Old Turf Again

'This is my last election; hence, I need people's support and blessing to achieve and ensure victory.'

BJP, Congress Pull Up Sleeves In Gujarat

After BJP candidate Mukesh Dalal's Surat win, Gujarat will see 25 Lok Sabha seats go to polls on May 7 with 266 candidates in the fray.

Phase III: Touch And Go Seats

Polling for the third phase of the Lok Sabha elections for 94 seats will take place today, covering 11 States and Union Territory.

ED recovers Rs 35 cr from domestic help of J'khand minister's secretary

The premises are alleged to be of the domestic help of Jharkhand Rural Development Minister Alamgir Alam's personal secretary Sanjiv Lal.