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Christine Lagarde Selected for Second Term as IMF Managing Director

© AFP 2023 / OZAN KOSE Christine Lagarde, Managing Director of the IMF attends to the G20 Leaders Summit welcoming ceremony on November 15, 2015 in Antalya
Christine Lagarde, Managing Director of the IMF attends to the G20 Leaders Summit welcoming ceremony on November 15, 2015 in Antalya - Sputnik International
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The Executive Board of the International Monetary Fund (IMF) selected Christine Lagarde to serve as IMF Managing Director for a second five-year term starting on July 5, 2016, according to press release.

WASHINGTON (Sputnik) — The International Monetary Fund (IMF) has selected current Managing Director Christine Lagarde to serve a second term at the helm of the organization, IMF Executive Board Dean Aleksei Mozhin said in a press release on Friday.

"The Executive Board of the International Monetary Fund (IMF) today selected Christine Lagarde to serve as IMF Managing Director for a second five-year term starting on July 5, 2016," the press release stated. "The Board’s decision was taken by consensus."

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
Lagarde's Term as IMF Chief to Be Extended for Five Years on Friday
Mozhin praised Lagarde for the leadership she has provided, and added "The Board looks forward to continuing to work closely with the Managing Director in carrying out the institution’s goal of helping to ensure global economic and financial stability."

Lagarde, 60, has headed the IMF since 2011, when then Managing Director Dominique Strauss-Kahn left his post because of allegations on sexual harassment against him. Prior to joining the IMF, Lagarde served as Economic Minister of France.

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