IMF re-elects Christine Lagarde to second five-year term as chief

Washington: The International Monetary Fund (IMF) on Friday said its board re-elected managing director Christine Lagarde to a second five-year term, starting on 5 July.

Lagarde, the only candidate nominated for the post, was elected “by consensus”, the IMF said in a statement.

Lagarde, who took over the post in 2011, has overseen an easing of Europe’s sovereign debt crisis and has implemented changes to give greater influence in the Fund to emerging markets including China and Brazil.