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		</div><p>The International Monetary Fund is giving managing director Christine Lagarde a second five-year term.</p>
<p>Ms Lagarde, the first woman to hold the post, was the only candidate nominated. Her new term starts on July 5.</p>
<p>The 60-year-old was named the IMF&#8217;s 11th managing director in 2011, and has led the multinational lending agency through the European debt crisis and a period of global economic stagnation she labelled the &#8220;New Mediocre&#8221;.</p>
<p>In a statement, Aleksei Mozhin, dean of the IMF&#8217;s executive board, said board members were impressed with Ms Lagarde&#8217;s &#8220;strong and wise leadership&#8221;.</p>
<p>Before joining the IMF, she was an international lawyer. She also has served as France&#8217;s minister of trade, agriculture and finance. During the financial crisis of 2008, she led a council of European Union finance and economic ministers.</p>
<p>In December, France&#8217;s Court of Justice of the Republic ordered Ms Lagarde to stand trial over her role in a 2008 arbitration ruling that gave 400 million euros to a French businessman.</p>
<p>Ms Lagarde, who was finance minister at the time, has denied wrongdoing. The prosecutor who investigated the payment had argued that the case against her should be dropped</p>
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