IMF boss reappointed for second term
Largarde’s second tenure was approved by the International Monetary and Financial Committee (IMFC) because of her consistent contributions to the world economy during challenging times.
Agustin Carstens, IMFC chairman and Governor of Banco de Mexico congratulated Largarde and affirmed her reappointment to a second five-year term.
Carstens stated that Largarde’s reappointment was in recognition of her inspiring and strategic efforts have reinvigorated the Fund’s capabilities to support its global membership across a wide range of activities.
“Ms. Lagarde has led the Fund in a strong and highly effective manner during challenging times for the world economy. Her inspiring and strategic efforts have reinvigorated the Fund’s capabilities to support its global membership across a wide range of activities.
“Along with my IMFC colleagues, I am confident that she will continue to provide the excellent and unwavering leadership needed to ensure that the Fund remains at the center of global efforts to strengthen the international monetary and financial system.
“We agreed on the need for a strong, broad-based policy response to boost global growth and confidence and to manage vulnerabilities. Along with my IMFC colleagues, I look forward to working closely with Ms. Lagarde in the period ahead to address the needs of the Fund membership and to promote global stability.
“The IMFC will have an opportunity to discuss the global conjuncture and challenges, as well as the strategic direction of the Fund, at its next meeting on April 15-16, 2016 in Washington, D.C.”
During a meeting with President Muhammadu Buhari in Abuja on January 6, 2015, Lagarde said that IMF is willing to help Nigeria to recover stolen funds, rectifying revenue leakages, and restructuring the tax system.
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