Press Release No. 16/67

Press Release: Statement by Agustín Carstens, Governor of Banco de Mexico and Chairman of the IMFC

February 19, 2016

Mr. Agustín Carstens, Governor of Banco de Mexico and Chairman of the International Monetary and Financial Committee (IMFC) made the following statement today:

“I would like to congratulate Ms. Christine Lagarde for her reappointment to a second five-year term as Managing Director of the International Monetary Fund.

“Ms. Lagarde has led the Fund in a strong and highly effective manner during challenging times for the world economy. Her inspiring and strategic efforts have reinvigorated the Fund’s capabilities to support its global membership across a wide range of activities. Along with my IMFC colleagues, I am confident that she will continue to provide the excellent and unwavering leadership needed to ensure that the Fund remains at the center of global efforts to strengthen the international monetary and financial system.

“I met with Ms. Lagarde today, and we agreed on the need for a strong, broad-based policy response to boost global growth and confidence and to manage vulnerabilities. Along with my IMFC colleagues, I look forward to working closely with Ms. Lagarde in the period ahead to address the needs of the Fund membership and to promote global stability. The IMFC will have an opportunity to discuss the global conjuncture and challenges, as well as the strategic direction of the Fund, at its next meeting on April 15-16, 2016 in Washington, D.C.”