Lagarde coy about second term as IMF boss

  21 January 2016    Read: 1115
Lagarde coy about second term as IMF boss
Christine Lagarde is refusing to say whether she will seek a second term as the head of the International Monetary Fund after both Britain and Germany gave her their backing.
British finance chief George Osborne issued a statement Thursday saying his government nominated her to stay in the post. The German government quickly followed, with a finance ministry statement saying Lagarde "was a circumspect and successful crisis manager during the difficult period after the financial crisis."

Countries normally nominate their preferred candidate before the individual declares their intention to run.

View galleryIn this Jan. 20, 2016 photo Managing Director of the …
In this Jan. 20, 2016 photo Managing Director of the International Monetary Fund Christine Lagarde, …
At a panel at Davos, Switzerland, Lagarde said she was honored but did not want to confirm whether she would agree to stand again.

The IMF has typically been run by a European official, while its sister organization, the World Bank, by an American. Developing countries have increasingly opposed this informal arrangement.

Lagarde, who is French, was in Davos to attend the World Economic Forum, a meeting of business leaders and public figures.

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