Singapore says supports IMF’s Lagarde for second term

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.