Lagarde elected as chief of IMF for second time

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The International Monetary Fund has appointed Christine Lagarde for a second term as managing director after she rebuilt the Washington-based organisation’s reputation following the sex scandal that engulfed her predecessor. Lagarde, 60, who was the only candidate, was backed by the UK, Germany, China, and her home country, France, to stay on for another five years. She has led the IMF since 2011 and proved a strong contrast to her predecessor,Dominique Strauss-Kahn, who was forced to resign after he was accused of attempted rape in a New York hotel.