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IMF chief Lagarde says to seek second mandate: media

Xinhua, January 22, 2016 Adjust font size:

The International Monetary Fund (IMF) Managing Director Christine Lagarde on Friday announced she will run for a second term.

"I am candidate to a second mandate. I was honored to receive from the start of the process the backing of France, Britain, Germany, China, Korea and Mexico," Lagarde told France 2 state-run television.

"If all of the institution's state members wish me to continue, I am a candidate to do so," she added in an interview from Davos.

Lagarde's presidency of the IMF was tainted by a corruption probe in her role in handling of scandal involving tycoon Bernard Tapie in 2008.

As former French finance minister, she has been investigated since August 2011 for the awarding of financial compensation by granting up to 405 million euros (439.41 million U.S. dollars) to the businessman in his dispute with Credit Lyonnais on the acquisition of Adidas.

Last month, a French court ordered her to face trial while she has said she will appeal that decision.

"I feel that I always acted in the state's interest and within the law. I have my conscience for me in this affair. I hope the courts will agree with that," the former lawyer said.

Lagarde's mandate ends on July 5. (1 euro = 1.084 U.S. dollars) Enditem