IMF’s Lagarde Looks Assured of a Second Term, Deferring a Future Emerging-Market Candidate

Former French finance minister, credited for calm leadership of fund since 2011 amid market volatility and Greek debt crisis, is backed by Europe, U.S., and probably China
The ground may have been laid for the International Monetary Fund to bolster the representation of emerging markets on its governing council, but at present it appears to be all but assured that Europe will retain the top post in the institution for another five years.

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