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IMF to select new MD in the midst of turmoil

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

Tokyo

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

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