The Chancellor of the Exchequer, George Osborne, has today (Thursday 21 January 2016) formally nominated Christine Lagarde for a second term as Managing Director of the International Monetary Fund (IMF).
Commenting on the nomination the Chancellor said:
Today, I am pleased to nominate Christine Lagarde for a second term as Managing Director of the IMF. I nominated Christine for her first term in May 2011 and since then she has exhibited outstanding leadership, skilfully steering the Fund through big economic challenges, while working hard to deliver historic reforms to the IMF.
At a time when the world faces what I’ve called a dangerous cocktail of risks, I believe Christine has the vision, energy and acumen to help steer the global economy through the years ahead.
The Secretary of the IMF has today (21 January 2016) opened the period in which nominations can be made for the position of Managing Director. Nominations can be made up to 23.59pm EST on 10 February 2016.
The Chancellor of the Exchequer, as the UK’s IMF Governor, has written to the Secretary formally nominating Christine Lagarde for a second term as Managing Director.