IMF still confident in Lagarde after French probe

WASHINGTON (AP) — The IMF is reiterating its confidence in Managing Director Christine Lagarde’s leadership after a French court stopped just short of charging her in an investigation of a payoff to a businessman.

Lagarde was questioned at length for two days last week in the French hearings, which concluded by naming her a key witness in the probe of the payoff arranged while she was France’s finance minister. She could still be charged in the case at a later date.

The IMF said Tuesday that its executive board has been briefed on the outcome of the recent hearings in France “and has reaffirmed its confidence in the managing director’s ability to effectively carry out her duties.”

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus