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Lagarde to run for second term as IMF chief

Lagarde to run for second term as IMF chief

Baku, January 22, AZERTAC

The head of the International Monetary Fund, Christine Lagarde, has confirmed she will stand for a second term, according to the BBC.

Ms Lagarde threw her hat into the ring during an appearance on French television.

Her term in office expires on 5 July and the process to find a successor opened on Wednesday.

The UK's Chancellor of the Exchequer, George Osborne, has already said he is "delighted to nominate" her for a new term.

She has also received the backing of Germany, China, France and Korea.

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