IMF director Christine Lagarde has confirmed she will be standing for a second term when her tenure runs out.
Lagarde confirmed her plans to run in an interview with French television news channel France 2.
Lagarde’s term as head of the IMF is drawing to a close as her five-year tenure is up in July, and the UK, France and Germany have already backed the former French finance minister to sit a second term.
The IMF began looking for candidates for her replacement yesterday, launching a three-week long “open, merit-based and transparent process” to find a new boss, announcing the board was looking for:
The successful candidate will have a distinguished record in economic policymaking at senior levels. He or she will have an outstanding professional background, will have demonstrated the managerial and diplomatic skills needed to lead a global institution.
Lagarde replaced Dominique Strauss-Kahn in the role in 2011, becoming the first female chief of the IMF. Before this, she was the french minister for economic affairs, and the first female finance minister in the G8.