(MENAFN- Saudi Press Agency) SINGAPORE Rabi'II 14 1437 January 24 2016 SPA -- The Monetary Authority of Singapore said on Sunday it supported the nomination of the International Monetary Fund's managing director Christine Lagarde for a second term Reuters reported.
Lagarde launched her campaign for her second term on Friday with ringing endorsements from a host of major economies. Her first term ends on July 4 and the IMF has said it wants to wrap up the selection process by March 3.
"Singapore supports Ms Lagarde serving a second term and I am confident she will continue to lead the IMF with conviction and in an inclusive way" Tharman Shanmugaratnam chairman of the MAS said in a statement.
--SPA
11:49 LOCAL TIME 08:49 GMT
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