×

Lagarde wins support for 2nd term as IMF boss

British finance minister George Osborne said on Thursday he will nominate Christine Lagarde for a second term as managing director of the International Monetary Fund.

"At a time when the world faces what I've called a dangerous cocktail of risks, I believe Christine has the vision, energy and acumen to help steer the global economy through the years ahead," Osborne said in a statement.


International Monetary Fund (IMF) Managing Director Christine Lagarde (L) listens to Greek Finance Minister Yanis Varoufakis during an extraordinary euro zone finance ministers meeting to discuss Athens' plans to reverse austerity measures agreed as part of its bailout, in Brussels February 11, 2015.
Francois Lenoir | Reuters
International Monetary Fund (IMF) Managing Director Christine Lagarde (L) listens to Greek Finance Minister Yanis Varoufakis during an extraordinary euro zone finance ministers meeting to discuss Athens' plans to reverse austerity measures agreed as part of its bailout, in Brussels February 11, 2015.

Lagarde has no obvious challengers and has said she is open to serving another term. But last month a French court ordered her to face trial over her role in a payout of some 400 million euros ($434 million) to businessman Bernard Tapie.

Accused of alleged negligence over the Tapie affair while she was serving as France's finance minister, Lagarde has said she will appeal against the court's decision.

Osborne had previously nominated Lagarde for her first term in 2011.

Follow CNBC International on Twitter and Facebook.