// IP Marketing video - START// IP Marketing video - END

IMF says has confidence in Lagarde despite abuse of power probe

IMF says has confidence in Lagarde despite abuse of power probe

PanARMENIAN.Net - The International Monetary Fund (IMF) has said it continues to have "confidence" in its managing director Christine Lagarde, BBC News reported.

An IMF spokesman said the fund's board backed Lagarde despite a French inquiry into alleged abuses of power. The probe relates to her time as French finance minister and her involvement in the payment of compensation to businessman Bernard Tapie.

Lagarde, who took over as IMF chief in 2011, denies any wrongdoing. Her Paris apartment was searched by police investigators last week.

"The executive board has been briefed on this matter, including recently, and continues to express its confidence in the managing director's ability to effectively carry out her duties," said IMF spokesman Gerry Rice at a press conference on Thursday, March 28.

 Top stories
Russian President Vladimir Putin made a surprise visit to Syria after a busy weekend that dealt with several regional issues.
Cemil Aksu was arrested on October 25 in the city of Artvin for allegedly “praising crime and criminals” in his social media posts.
The provincial capital of Syria’s Deir ez-Zor province was declared entirely liberated following months-long battles with the IS.
The list looked at factors from architectural beauty to accessibility to how each place was perceived by those who lived, worked or visited.
Partner news