Singapore says supports IMF's Lagarde for second term

SINGAPORE, Rabi’II 14, 1437, January 24, 2016, SPA — The Monetary Authority of Singapore said on Sunday it supported the nomination of the International Monetary Fund’s managing director, Christine Lagarde, for a second term, Reuters reported.

Lagarde launched her campaign for her second term on Friday with ringing endorsements from a host of major economies. Her first term ends on July 4 and the IMF has said it wants to wrap up the selection process by March 3.

“Singapore supports Ms Lagarde serving a second term, and I am confident she will continue to lead the IMF with conviction and in an inclusive way,” Tharman Shanmugaratnam, chairman of the MAS, said in a statement.
–SPA
11:49 LOCAL TIME 08:49 GMT