IMF boss will run for second mandate

The managing director of the International Monetary Fund ( IMF) said on Friday she will run for a second term.

According to the Economic Times, Christine Lagarde has no obvious challengers and has said previously she was open to serving another term.

"I am candidate to a new mandate. I was honored to receive from the start of the process the backing of France, Britain, Germany, China, Korea," she told France 2 television in an interview from Davos.

Lagarde has been accused of negligence over a payout of some 400 million euros ($430 million) to businessman Bernard Tapie while she was France's finance minister.

Last month, a French court ordered her to face trial and she has said she will appeal that decision. "I feel that I always acted in the state's interest and within the law. I have my conscience for me in this affair. I hope the courts .... will agree with that," she told France 2.

Source: MENA