Christine Lagarde Appointed for Second Term as IMF Chief
21 February 2016 11:00 WIB
TEMPO.CO, Jakarta - The International Monetary Fund has appointed Christine Lagarde for a second term as managing director after she rebuilt the Washington-based organisation’s reputation following the sex scandal that engulfed her predecessor.
Lagarde, 60, who was the only candidate, was backed by the UK, Germany, China, and her home country, France, to stay on for another five years.
She has led the IMF since 2011 and proved a strong contrast to her predecessor, Dominique Strauss-Kahn, who was forced to resign after he was accused of attempted rape in a New York hotel. The allegation was later dismissed.
During her first term, Lagarde won praise from developing countries for providing greater practical support for their efforts to recover from the financial crash and backing their demands for greater representation on the IMF board.
ADE MARBOEN | ANTARA | THE GUARDIAN
