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Lagarde’s Ease in Winning New IMF Term Belies Harder Road

  • Challenges include lackluster global economy, Greece, Ukraine
  • Lagarde has repeatedly warned of `new mediocre' for world
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Lagarde Repeatedly Warns Of 'New Mediocre' for World

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For Christine Lagarde, winning a second term heading the IMF was the easy part. Now come challenges ranging from a lackluster global recovery to dealing with financial hot spots including Greece and Ukraine.

Lagarde, 60, was reappointed “by consensus” Friday to a second five-year term as managing director of the International Monetary Fund, the IMF said in a statement. Her tenure will run through July 2021. The fund’s executive board, which represents 188 member countries, said last week that no one else was nominated to oppose her as head of the lender.