Imf Has Appointed Christine Lagarde as Md for a Second Term [ Current News (Concise) ]
The International Monetary Fund has appointed Christine Lagarde (60) from France has been appointed as the Managing Director (MD) for a second five-year term. She was only candidate who is nominated for the post and IMF’s Executive Board has decided to re-nominate her by consensus.
- She will take charge under the re-appointment on 5th July 2016 till 2021.
- In 2011 she was appointed as MD of IMF for the first time by selection process on merit-based and transparent process.
- Since 1944 from the implementation of IMF she was first woman to head the top post of IMF.
About Christine Lagarde:
- She was born on 1st January 1956.
- She is French lawyer and politician.
- She had served as Minister of Finance and Minister for Foreign Trade of France before she was appointed as MD of IMF in 2011.
- She had served as partner with the international law firm of Baker & McKenzie.
About International Monetary Fund (IMF)
The International Monetary Fund (IMF) is an organization of 188 countries which is working on
- foster global monetary cooperation,
- facilitate international trade,
- secure financial stability,
- promote high employment,
- sustainable economic growth and
- Reduce poverty around the world.
Headquarter of IMF is located at Washington, D. C.
- Published on: February 23, 2016