Lagarde to stand for second term as IMF chief January 22, 2016 - 13:53 AMT PanARMENIAN.Net - The head of the International Monetary Fund, Christine Lagarde, has confirmed she will stand for a second term, BBC News reports. Lagarde threw her hat into the ring during an appearance on French television. Her term in office expires on July 5 and the process to find a successor opened this week. The UK's Chancellor of the Exchequer, George Osborne, has already said he is "delighted to nominate" her for a new term. She has also received the backing of Germany, China, France and Korea. Last month, Lagarde was ordered to stand trial in France for alleged negligence over a compensation payment to a top businessman, Bernard Tapie. She approved the payment in 2008 when she was French finance minister. However, Lagarde's lawyer described the decision to make her stand trial as "incomprehensible", and said the IMF boss would appeal. Despite this controversy, commentators say she has no obvious challengers for the job.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
