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.
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