Connect with us

Europe

I’ll run for second mandate, says IMF boss, Lagarde

Published

on

IMF: Investors concerned about Nigeria controls, but have not given up

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, on Friday, said she would run for a second term.

She said this in Davos, Switzerland, that she had no obvious challengers and was open to serving another term.

She added that “I am a candidate to a new mandate. I was honoured to receive from the start of the process, the backing of France, Britain, Germany, China, Korea.’’

Lagarde had been accused of negligence over a payout of some 400 million euros (430 million dollars) to businessman, Bernard Tapie, while she was France’s Finance Minister.

Last month, a French court ordered her to face trial and she said she would appeal that decision.

“I feel that I always acted in the state’s interest and within the law.

“I have my conscience for me in this affair. I hope the courts will agree with that.’’ (Reuters/NAN)

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. The Verge Communications (NEWSVERGE) is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel