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

IMF: Investors concerned about Nigeria controls, but have not given up
IMF boss, Lagarde
United Bank for Africa

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)