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WASHINGTON (AP) — The International Monetary Fund said Friday it is giving managing director Christine Lagarde a second five-year term.
Lagarde, the first woman to hold the post, was the only candidate nominated. Her new term starts July 5.
Lagarde, 60, was named the IMF's 11th managing director in 2011. She has led the multinational lending agency through the European debt crisis and a period of global economic stagnation which she's labeled as the "New Mediocre."
IMF gives Christine Lagarde second term as managing director
The upshot is that it is highly possible there will be confessions of screw ups after lives have been destroyed and everybody got what they wanted.
Lagarde, the first woman to hold the post, was the only candidate nominated. Her new term starts July 5.
Lagarde, 60, was named the IMF's 11th managing director in 2011. She has led the multinational lending agency through the European debt crisis and a period of global economic stagnation which she's labeled as the "New Mediocre."
IMF gives Christine Lagarde second term as managing director
The upshot is that it is highly possible there will be confessions of screw ups after lives have been destroyed and everybody got what they wanted.
