Search to replace IMF's Lagarde begins

Saturday, 6 July 2019 15:42

Who will replace Christine Lagarde as the head of the International Monetary Fund (IMF)?

That’s the question on the lips of finance ministers across the continent of Europe.

Last week, European leaders chose Lagarde to take over Mario Draghi's position as president of the European Central Bank.

On Saturday French Finance Minister Bruno Le Maire said lawmakers need to find a “good European” candidate to replace Lagarde.

He said European finance ministers are expected to discuss the issue at a meeting in Brussels next week.

More from Business

DIFC registers over 10,000 active companies for first time

The Dubai International Financial Centre (DIFC) has surpassed 10,000 active registered companies for the first time in its history in a record-breaking first half of 2026.
DEWA International explores partnerships with several Greek companies

Dubai Electricity and Water Authority (DEWA) International have held high-level talks with several Greek companies as part of plans to expand their global outreach.
UAE to get 100 Primary Care facilities by 2030

Aster Clinics UAE has announced plans to expand its network from 85 to over 100 facilities across the UAE by 2030, with a commitment to invest AED 100 million and increase staff strength to 4,100 across the country.
DEWA discusses expanding international operations in UK

Dubai Electricity and Water Authority's (DEWA) international branch visited London this week to meet with senior leadership from ING and Actis.
Australia plans first domestic oil refinery in 60 years to boost fuel security

Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East squeezes supplies from overseas and underscores the urgency to improve energy security.