Thursday, January 28, 2016

News Note: Christine Lagarde to Run for Second Term at IMF

IMF Chief Christine Lagarde has announced that she is seeking another term as head of the organization. Although she has been told to stand trial for an incident that preceded her term at the IMF, most observers do not expect that to prevent her from serving a second term. 

"Last month, Ms Lagarde was ordered to stand trial in France for alleged negligence over a compensation payment to a top businessman, Bernard Tapie. She approved the payment in 2008 when she was French finance minister."   . . . . . .    "Despite this controversy, commentators say she has no obvious challengers for the job."

She definitely has one fan. Ian Bremmer writes this article on Project Syndicate titled 'The IMF Needs More Lagarde'. Below are some excerpts. 

"Christine Lagarde has said she is open to serving another five-year term as Managing Director of the International Monetary Fund. She should get it. The IMF has never had better leadership, and its board of directors should give her the chance to finish the work she has begun."

. . . . . 

"The world badly needs a leader dedicated to making the world a safer and more prosperous place. Lagarde has shown that she is such a leader, committed to making the IMF fit for the twenty-first century. She deserves the chance to finish what she started."

Click here to read the full article at Project Syndicate

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