IMF re-elects Lagarde to second five-year term as chief | Reuters - Firstpost
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IMF re-elects Lagarde to second five-year term as chief | Reuters


WASHINGTON The International Monetary Fund on Friday said its board re-elected Managing Director Christine Lagarde to a second five-year term, starting on July 5.

Lagarde, the only candidate nominated for the post, was elected "by consensus," the IMF said in a statement.

Lagarde, who took over the post in 2011, has overseen an easing of Europe's sovereign debt crisis and has implemented changes to give greater influence in the Fund to emerging markets including China and Brazil.

(Reporting by David Lawder; Editing by Eric Walsh)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Feb 19, 2016 23:36 IST

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