(VOVworld)- The head of the International Monetary Fund (IMF), Christine Lagarde, has been nominated for a second five-year term at the helm. The former French finance minister was the only nominee for the directorship. Commentators had said there were no obvious challengers for the job.

IMF boss Christine Lagarde set for second term

Ms Lagarde, 60, received support from the UK, Germany, China, and France, among other countries.

She has led the IMF since 2011 and is its first female director.  Ms Lagarde's current term in office expires on 5 July. She had said she would seek a second mandate in January.

Her nomination comes amid a demand for her to stand trial in France for alleged negligence around a 2008 compensation payment to a top businessman, Bernard Tapie.