Mme. Christine Lagarde, Managing Director International Monetary Fund.
By Baron Henri Estramant.
Friday, 19 February 2016, Washington D.C.: The Board of Governors of the International Monetary Fund (IMF) extended the powers of its Managing Director, Christine Lagarde (60) for another five years as she was the only candidate up for consideration, and was backed by the UK, Germany, the PRC, and her home country, France, to stay on for another five years. The organisation’s executive board stated that her second term, which will start on 5 July, was the result of a “consensual” decision.
During her first term, Lagarde won praise from developing countries for providing greater practical support for their efforts to recover from the financial crash and backing their demands for greater representation on the IMF board.
Lagarde herself issued a statement: “The global economy is undergoing a number of important transitions and we are focused on helping our membership navigate these successfully. The Fund remains committed to its fundamental goal of helping to ensure global economic and financial stability through international cooperation.”
A few days after her re-appointment on 23 February 2016, Lagarde was honoured in the Emirate of Dubai, UAE, alongside HM The Queen of the Hashemite Kingdom of Jordan, Rania al-Abdullah by HH The Crown Prince of Dubai, Sheikh Hamdan bin Mohammed Al Maktoum at the Global Women’s Forum with the “Sheikh Mohammed bin Rashid Al Maktoum Medal” named after the incumbent Amir of Dubai and Prime Minister of the UAE.
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