// 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
The strong scale-up of treatment has seen annual AIDS-related deaths drop by 45% to 1.1 mln in 2015 from a peak of about 2 mln in 2005.
Purchased in bulk from Armenia, Absolut vodka, Johnnie Walker scotch and counterfeit Grey Goose are among the popular labels.
German lawmakers voted to extend the country’s military support for the global coalition fighting the Islamic State group until late 2017.
Mitigating civilian casualties remains a “key component” of the anti-IS air campaign in Syria and Iraq, the military emphasized.
Partner news