Lagarde Says She's Open to Second Term as IMF Managing Director

IMF's Lagarde: More Concerned Over Lack of Investment
  • Lagarde's five-year term as IMF chief ends in July 2016
  • She says it's up to IMF members to decide if she stays

Christine Lagarde said she’s open to serving another term as head of the International Monetary Fund after her current tenure ends in July.

"Clearly, this could be my last annual meeting. I’m certainly open to the fact that it would not be my last annual meeting," the IMF managing director told reporters Thursday at the Washington-based fund’s annual meetings in Lima. Managing directors are typically appointed for five-year terms.

Lagarde, 59, took over as head of the IMF in 2011 after Dominique Strauss-Kahn resigned. The former French finance minister is the first woman to lead the institution, which was conceived during World War II to coordinate international monetary policy and lend to countries facing balance-of-payments shortfalls.

The managing director is selected by the IMF’s 188 member nations.

"This is not for me to decide. It is for the membership. And, I have served, done my best," Lagarde said, adding that she’s "prepared to serve" for longer.

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