IMF head Christine Lagarde made a call for financial cooperation Friday as she prepared for another term at the forefront of global economic policy.
"Are we at a 2009 moment? I don't think so," Lagarde said Friday in a speech. "Are we in a moment where coordination is needed? Yes."
Lagarde will serve a second term as head of the International Monetary Fund, the executive board announced Friday.
As managing director of the policy body, Lagarde is tasked with guiding members on the gamut of challenges to macroeconomic stability while navigating geopolitical tensions in areas like Greece, China and the Middle East.
"I have been honored to serve in the past five years," Lagarde said in a speech Friday. "We have, I think, served the membership well — whether we have provided surveillance, financial support, to those who were in difficulties, or technical assistance and capacity building."