Lagarde elected to serve second term as IMF head
Term begins in July, runs until 2021
New York
NEW YORK
Christine Lagarde on Friday was selected to a second term as head of the International Monetary Fund (IMF).
The bank’s executive board chose Lagarde to serve an additional five years until 2021.
She was the only candidate nominated for the position and will begin her term starting July 5. Lagarde's "strong and wise leadership" during her first term was recognized by executive board dean Aleksei Mozhin.
"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,” he said. "She has also played a critical role in revitalizing the Fund’s relations with its global membership, including its emerging market and developing members," he added, as he underscored Lagarde's role in ensuring global economic and financial stability.
Lagarde, 60, became the managing director of the IMF in 2011 and is the first woman to serve as the head of the organization that began in 1944.
The French lawyer previously served in her country’s government as minister of commerce and finance.
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