IMF Christine Lagarde to Serve 2nd Term

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.”

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza