IMF chief guilty of negligence, keeps job

A French special court, the Judicial Court of the Republic, found International Monetary Fund Managing Director Christine Lagarde guilty on the 19 December 2016 of criminal 'negligence' for failing to protect the French state’s financial interests in a case she had to decide when she was finance minister in 2008 under the presidency of Nicolas Sarkozy.

Later, Executive Board of the IMF reaffirmed 'its full confidence in the Managing Director’s ability to continue to effectively carry out her duties'.

• Primary Source

Politico, 19.12.16: IMF chief Christine Lagarde found guilty of negligence http://www.politico.eu/article/imf-chief-christine-lagarde-found-guilty-of-negligence/

IMF: News, 19.12.16: Statement by the IMF Executive Board on Legal Proceedings in France Relating to the Managing Director http://www.imf.org/en/News/Articles/2016/12/19/PR16570-Statement-by-the-IMF-Executive-Board-on-Legal-Proceedings-in-France-Relating-to-the-MD

The Guardian, 20.12.16: Christine Lagarde damaged but able to limp on at IMF https://www.theguardian.com/world/2016/dec/20/christine-lagarde-damaged-but-able-to-limp-on-at-imf

Euro|Topics: Debates, December 2016: Must IMF chief Lagarde step down? http://www.eurotopics.net/en/171543/must-imf-chief-lagarde-step-down

France24, 20.12.16: IMF's Lagarde guilty of 'negligence' but avoids sentence over 2008 payout http://www.france24.com/en/20161219-imf-christine-lagarde-found-guilty-negligence-2008-payout-french-tycoon-tapie

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