IMF

IMF Boss Lagarde inherits itself

She was instrumental in the tough negotiations with Greece involved. In their home country France it is under pressure. But now a second term of office of Christine Lagarde, nothing in the way.

“Prudent Krisenmanagerin”: IMF chief Christine Lagarde (file picture)

The French Ex-Minister Christine Lagarde has good prospects for a second term as head of the International monetary Fund (IMF). There is no rival candidates, said an IMF spokeswoman for the German press Agency. The deadline for nominations was passed on Wednesday.

Since 2011, Lagarde is the first woman to lead the global Finance organization. Your contract runs until the beginning of July. The final appointment for a second term of office until the beginning of March in dry cloths.

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Legal Shadow

However, there is still a legal shadow over her candidacy: In December, a court in Paris decided that Lagarde because of their role in the course of a 400-million-Euro payment to businessman Bernard Tapie, a procedure threatens. In the period in question was Lagarde French Finance Minister. She’s defending herself against the accusations and told multiple times, you have always law abiding in the interest of the state acted.

In their nomination, had the 60-Year-old the support of the German Federal government. “Mrs. Lagarde was in the difficult times after the financial crisis in a prudent and successful Krisenmanagerin, very much to the high Reputation of the IMF has contributed,” it was said from the Ministry of Finance in Berlin.

Synchronschwimmerin with a long breath

Lagarde is regarded as well networked, skilled Verhandlerin. As a former Synchronschwimmerin has in a double sense for a long breath. Prior to her career at the IMF, as a lawyer’s career: From 1999 to 2004 she headed the US law firm Baker & McKenzie.

The International monetary Fund based in Washington, is a specialized Agency of the United Nations. He mainly helps highly indebted countries with loans from Finanzengpässen. Most recently, the IMF in the Greece-crisis in the headlines. Together with EU and European Central Bank, he was part of the so-called Troika. Many Greeks accuse the IMF, to harsh conditions for the granting of loans to make.

From 2000 to 2004 was the later Federal President Horst Köhler, the IMF conducted. Germany is after the USA and together with Japan one of the largest shareholders of the Fund, the total of 188 countries. According to the unwritten rules make the Europeans the head of the IMF and the United States and the world Bank. In many emerging economies, this is now, however, criticized.

jj/cr (dpa, afp, rtr)