Saturday 26 May 2018

IMF boss Lagarde says will run for second mandate

Christine Lagarde
Christine Lagarde

The managing director of the International Monetary Fund (IMF) said on Friday she will run for a second term.

Christine Lagarde has no obvious challengers and has said previously she was open to serving another term.

"I am candidate to a new mandate. I was honored to receive from the start of the process the backing of France, Britain, Germany, China, Korea," she told France 2 television in an interview from Davos.

Lagarde has been accused of negligence over a payout of some €400m ($430m) to businessman Bernard Tapie while she was France's finance minister. Last month a French court ordered her to face trial and she has said she will appeal that decision.

"I feel that I always acted in the state's interest and within the law. I have my conscience for me in this affair. I hope the courts .... will agree with that," she told France 2.


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