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IMF based in Beijing? Maybe in 2027, its director says

Lagarde points out that emerging and low-income countries now contribute around 60% of total GDP

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Ms Lagarde (above) may joke, but her comments reflect a concern that world leaders have about the changing role of the United States in global organisations. The articles of the organisation say that the headquarters should be in the country of the member with the largest economy.

Washington

CHRISTINE Lagarde, the managing director of the International Monetary Fund (IMF), joked on Monday about donning "dream binoculars" and seeing the possibility of relocating the group's headquarters to China.

"We might not be sitting in Washington DC," Ms Lagarde said at

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