WASHINGTON: Despite her conviction by a French court for negligence, Christine Lagarde is likely to continue to lead the International Monetary Fund even at the risk of weakening the fund’s image.
The fate of the former French finance minister — who replaced another former French official caught up in a sex scandal — now is in the hands of the IMF’s board of directors, which represents the 189 member states and was expected to deliver its verdict later Monday.
There is no established procedure for this case. Lagarde has led the IMF since July 2011, when Dominique Strauss-Kahn was forced to resign, …read more
Source: The Manila Times
