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Lagarde's Term as IMF Chief to Be Extended for Five Years on Friday

Sputnik International

The Board of Governors of the International Monetary Fund (IMF) will extend the powers of its Managing Director, Christine Lagarde, on Friday for another five... 18.02.2016, Sputnik International

2016-02-18T22:37+0000

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Lagarde's Term as IMF Chief to Be Extended for Five Years on Friday

22:37 GMT 18.02.2016

© REUTERS / Jonathan ErnstInternational Monetary Fund (IMF) Managing Director Christine Lagarde participates in a working session on the global economy with fellow world leaders at the start of the G20 summit at the Regnum Carya Resort in Antalya, Turkey, November 15, 2015

International Monetary Fund (IMF) Managing Director Christine Lagarde participates in a working session on the global economy with fellow world leaders at the start of the G20 summit at the Regnum Carya Resort in Antalya, Turkey, November 15, 2015 - Sputnik International

The Board of Governors of the International Monetary Fund (IMF) will extend the powers of its Managing Director, Christine Lagarde, on Friday for another five years, media reported Thursday.

MOSCOW (Sputnik) — The Board will convene in Washington on Friday morning to formally appoint Lagarde, as she is the only candidate to take the post of the IMF chief, the French newspaper L'Opinion reported.

International Monetary Fund (IMF) Managing Director Christine Lagarde attends the session Where Is the Chinese Economy Heading? of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland in this January 21, 2016 file photo - Sputnik International

World

IMF Chief Christine Legarde Nominated for Second Term - Dean of Board

11 February 2016, 14:45 GMT

Lagarde, 60, the former French Economic Minister, has been heading the IMF since 2011, when then Managing Director Dominique Strauss-Kahn decided to leave his post under the yoke of the allegations on sexual harassment. If Strauss-Kahn did not leave, his term would have expired in 2012.