France Backs Christine Lagarde for Second Term as IMF Chief

  • Lagarde's current term at helm of lender expires in July
  • Nominations for IMF managing director run through Feb. 10

France is backing its own Christine Lagarde for a second term at the International Monetary Fund when her current mandate expires this year, Finance Minister Michel Sapin said.

Lagarde’s term as managing director is set to end on July 5. Aleksei Mozhin, dean of the fund’s executive board, said in an e-mailed statement Wednesday that the board aims to reach a decision by consensus. Individuals can be nominated by a fund governor or executive director through Feb. 10, the Washington-based institution said.

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