Head of the International Monetary Fund, Christine Lagarde, has announced she will run for a second term as managing director of the financial institution.
AFP news agency (@AFP) January 22, 2016
Her term formally ends in July and the IMF has begun accepting nominations to see who will lead the crisis lender over the next five years.
Speaking at Davos Lagarde announced her intention to stand:
“Yes I am candidate to a second mandate. I was honoured to receive from the start of the process the backing of France, Britain, Germany, China, Korea, Mexico.”
Earlier in the week British Chancellor of the Exchequer George Osborne tweeted his support for Lagarde.