BREAKING NEWS

BoI's Fischer issues statement on IMF candidacy

Bank of Israel Governor Stanley Fischer said on Saturday he had decided to stand as head of the International Monetary Fund, presenting a potential serious challenge to front-runner Christine Lagarde.
"There arose an extraordinary and unplanned opportunity, perhaps one that will never happen again, to compete for the head of the IMF, which after much deliberation I decided I wish to follow through on," Fischer said in a statement.