Singapore says supports IMF’s Lagarde for second term

Monday, 25 January 2016 00:00 - - {{hitsCtrl.values.hits}}

download-(3) Singapore's Finance Minister Tharman Shanmugaratnam (R) and U.S. Secretary of Defence Ashton Carter attend the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 22, 2016 – REUTERS

Reuters: The Monetary Authority of Singapore said on Sunday it supported the nomination of the International Monetary Fund’s managing director, Christine Lagarde, for a second term.

Lagarde launched her campaign for her second term on Friday with ringing endorsements from a host of major economies that looked past a court case against her in her native France. Her first term ends on July 4 and the IMF has said it wants to wrap up the selection process by 3 March.

“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,” Tharman Shanmugaratnam, chairman of the MAS, said in a statement.

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