Brazilian government supports Lagarde re-election as IMF head

It is crucial that she retain her role as IMF head to help address

Published in 27/01/2016 - 12:10 By Kelly Oliveira* reports from Agência Brasil - Brasília

The Minister of Finance, Nelson Barbosa, expressed the Brazilian government's support for a re-election of the Managing Director of the International Monetary Fund (IMF), Christine Lagarde. “It is crucial that she retain her role as head of the IMF to help address the present global economic challenges,” Barbosa said in a statement. The next IMF Managing Director will be appointed in March.

“[We] trust Lagarde's ability to conduct multilateral agendas, especially as the reform of the [Fund's] quotas is rolled-out, making emerging countries more representative in the IMF,” said the minister.

A diretora-gerente do FMI, Christine Lagarde, participa do Fórum Econômico Mundial, em Davos (Agência Lusa/Direitos Reservados)

Last Friday (Jan. 22), Lagarde announced she was running for a second term.Agência Lusa/EPA/Jean-Christophe Bott/All rights reserved

Last Friday (Jan. 22), Lagarde announced she was running for a second term and was confident that the court case she is facing in France—seen as a major threat to her re-election bid—will come out favorably for her.

Lagarde has been charged with “negligence” managing public funds for granting a multimillion-euro compensation from the French state to businessman Bernard Tapie in 2007, when she was France's Finance Minister.


*With additional reporting by Daniel Lima.

Translated by Mayra Borges


Fonte: Brazilian government supports Lagarde re-election as IMF head

Edition: Talita Cavalcante / Augusto Queiroz

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