The International Monetary Fund has given its Managing Director Christine Lagarde a second five-year term. Her new term starts on July 5th. The 60-year-old Lagarde was the only candidate nominated, and the first woman to hold the post. At a news conference in Washington DC, Lagarde talked about her priorities and the global challenges ahead.
"I believe that we can do a lot in terms of support, in terms of lending, in terms of programs but I would hope that in the coming years we can also move into being more into prevention, more into anticipating changes and capable of advising countries to equip themselves with macroeconomic policies and other policies by way of structural reforms, for instance, to deal with the changes that are ahead of them," Lagarde said.
