IMF boss Lagarde says will run for second mandate

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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)

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