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IMF Board Confident in Lagarde’s Ability to Carry Out Duties Amid Court Ruling

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The International Monetary Fund’s (IMF) Executive Board held a meeting on Monday on the legal proceedings of IMF Managing Director Christine Lagarde and... 19.12.2016, Sputnik International

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IMF Board Confident in Lagarde’s Ability to Carry Out Duties Amid Court Ruling

22:42 GMT 19.12.2016 (Updated: 22:49 GMT 19.12.2016)

© REUTERS / Ruben Sprich/FilesInternational Monetary Fund (IMF) Managing Director Christine Lagarde attends the session "Where Is the Chinese Economy Heading?" of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland in this January 21, 2016 file photo

International Monetary Fund (IMF) Managing Director Christine Lagarde attends the session Where Is the Chinese Economy Heading? of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland in this January 21, 2016 file photo - Sputnik International

The International Monetary Fund’s (IMF) Executive Board held a meeting on Monday on the legal proceedings of IMF Managing Director Christine Lagarde and reiterated its confidence in Lagarde’s ability to conduct her duties, the IMF said in a statement.

The seal of the International Monetary Fund is seen at the headquarters building in Washington, DC on July 5, 2015 - Sputnik International

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IMF Board to Meet Following Director Lagarde’s Negligence Conviction

19 December 2016, 16:44 GMT

WASHINGTON (Sputnik) — Earlier on Monday, a French court found Lagarde guilty in a trial concerning a case of negligence.

"The Executive Board met today to consider recent developments in the legal proceedings in France involving Managing Director Christine Lagarde," the statement said on Monday. "The Executive Board reaffirms its full confidence in the Managing Director’s ability to continue to effectively carry out her duties."

Lagarde has been accused of influencing the outcome of a 2008 court process instigated by French entrepreneur Bernard Tapie against Credit Lyonnais bank.