Singapore backs Lagarde's bid for 2nd IMF term

International Monetary Fund (IMF) Managing Director Christine Lagarde    at the 46th Annual Meeting of the World Economic Forum in Davos, on Jan 23, 2016.
International Monetary Fund (IMF) Managing Director Christine Lagarde at the 46th Annual Meeting of the World Economic Forum in Davos, on Jan 23, 2016.PHOTO: EPA

Singapore is supporting the nomination of International Monetary Fund managing director Christine Lagarde for a second term.

The chairman of the Monetary Authority of Singapore, Deputy Prime Minister Tharman Shanmugaratnam, said that she has led the IMF through challenging times.

"She has done so with exceptional capability, and has won the trust of both its advanced and developing members. Singapore supports Ms Lagarde serving a second term, and I am confident she will continue to lead the IMF with conviction and in an inclusive way."

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

A version of this article appeared in the print edition of The Straits Times on January 25, 2016, with the headline 'S'pore backs Lagarde's bid for 2nd IMF term'. Print Edition | Subscribe