Christine Lagarde seeks new term as International Monetary Fund chief

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Lagarde, 60, the IMF's managing director since 2011, unveiled her bid despite being sent for trial in France for 'negligence' in Bernard Tapie case.

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International Monetary Fund chief Christine Lagarde said on Friday she is running for a second term to lead the Washington-based institution and has received backing from some of the world’s major economies to keep the job, reports The Wall Street Journal.