ARN News Centre

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

New US tariffs to affect imports from EU, China and dozens of other countries

The United States is introducing new tariffs on imports from 60 trading partners, including the European Union, China, Japan and South Korea, in a move that could reshape global trade flows and supply chains.
US-India trade deal could be signed in 3-4 months, US official says

A long-awaited US-India trade agreement could be signed within the next three to four months, a senior US official said on Wednesday, indicating negotiations between the two sides have been virtually completed.
Google hit with $1 billion EU fine, first under landmark rules

Alphabet's GOOGL.O Google was fined a total of €890 million ($1 billion) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission said.
Trump announces 50% tariffs on wide range of Canadian imports

US President Donald Trump has announced sweeping new tariffs of up to 50 per cent on a broad range of Canadian imports, opening a new front in the trade dispute between the neighbouring countries.
Fitch assigns Invest Bank long-term credit rating of 'BBB+'

Fitch Ratings has assigned Invest Bank (INB) its first long-term credit rating of BBB+ with a stable outlook, marking the institution’s strong financial profile and positioning the bank for sustainable long-term growth.