France's Lagarde named for second term to lead IMF

[WASHINGTON] France's Christine Lagarde, who battled financial fires across Europe as managing director of the International Monetary Fund, was officially named Friday to a second five-year term.

"In taking this decision, the board praised Ms Lagarde's strong and wise leadership during her first term," said Aleksei Mozhin, the dean of the Fund's Executive Board.

"During turbulent times in the global economy, Ms Lagarde strengthened the Fund's ability to support its members with policy advice, capacity building, and financing."

AFP