Lagarde open for second term as head of IMF

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Christine Lagarde indicated for the first time Thursday that she is open to a second term as the head of the International Monetary Fund (IMF).

“I’m certainly open to the fact that it would not be my last annual meeting,” Lagarde said at a press conference in Lima, Peru, where this year’s meeting is being held.

But the decision is not for her to make, “it’s for the membership,” she said.

“I have served, done my best and am prepared to serve, but it’s not my call.”

Lagarde’s term runs out in mid-2016. She previously had said she would make a decision on a second term toward the end of this year.

German Finance Minister Wolfgang Schaueble welcomed Lagarde’s comments, saying it was “pleasing” to hear. He said he would support a second term for Legarde.

If she were to maintain the postition of IMF chief, it would continue a tradition that a European leads the Washington-based organization.

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