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IMF to select new MD in the midst of turmoil

Ms Lagarde is to stand trial in France for alleged negligence over a 404 million euro payment to a French businessman in 2008.


THE International Monetary Fund (IMF) on Thursday signalled it has begun selecting its next managing director. While the odds appear high that Christine Lagarde will win a second five-year term, some believe rival candidates could emerge.

News of the move came as Ms Lagarde