The International Monetary Fund (IMF) has nominated managing director Christine Lagarde for a second five-year term.

According to the Associated Press, the IMF executive board said today that Lagarde was the only candidate nominated.

In 2011, Lagarde was named the IMF’s 11th managing director. She is the first woman to hold the position.

Lagarde, age 60, formerly the French trade minister and an international lawyer, has led the multinational lending agency through the European debt crisis and a period of global economic stagnation.

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