Europe

IMF Nominates Lagarde to 2nd Term Leading Agency

FILE - Christine Lagarde, Managing Director, International Monetary Fund (IMF), arrives for the session 'Where Is the Chinese Economy Heading?' of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, Jan. 21, 2016.

WASHINGTON — 

International Monetary Fund chief Christine Lagarde has been nominated to second term as theagency's managing director, the IMF said in a statement on Thursday.

Lagarde, the first woman to lead the IMF, took the helm as its 11th director in 2011, according to the agency, which said it aims to complete the process as soon as possible.