IMF at the extraordinary meeting, the confirmed neglect of Lagarde in court case
The Executive board of the International Monetary Fund (IMF) took note of the decision of justice of France in which he was found guilty of negligence, exceptuándole of a sentence, reported the spokesman of the agency, Gerry Rice.
The decision was taken while Lagarde is acting as Managing Director of the IMF, "a mandate in which he has conducted successfully to the agency", said to The Economist.
Rice stressed that "Christine Lagarde meets with success its mandate at the IMF and the government keeps all their confidence in their ability to exercise their responsibility".
I remind you that Christine Lagarde, Managing Director of the International Monetary Fund (IMF) faced a lawsuit for negligence during his tenure as Minister of Economy in France, when Nicolas Sarkozy was president. Process of which he was found guilty this morning.
Lagarde is the first policy of the agency that functions facing a judicial process and is found guilty and is the second consecutive of the same hierarchy that is required by the justice, being in the chair of management.
In may 2011, her predecessor, also of French origin, Dominique Strauss Kahn, was arrested, handcuffed, and required by a court in New York to face a charge of sexual assault and attempted rape against a maid.
As of the Fund’s articles of incorporation do not provide for the procedure in a case of submission enforced before the judicial authorities, we may assume that it will follow the same “standard procedure” of five years ago, when he was in charge of the agency, as Acting Director, the second on Strauss Kahn, the Deputy director John Lipsky.
if confirmed this same procedure, would be today in charge of the agency, the american David Lipton, the second Managing Director.
And voted for a French…
waiting for what will, probably today the IMF’s Executive board, about Lagarde at the front of the body, do not let rondarme in the head two times:
When in 2011, after an unprecedented number of votes among the members of the Fund, were on the shortlist to lead the IMF before the “resignation” of Strauss Kahn, the French Lagarde and mexico’s Agustin Carstens. It was the first time that the major economies of the world faced opposition to lead the agency, emerging, being a mexican, he was at the front.
A decision that was more relevant the tradition is not written in the that weighs more the origin of the candidate, their experience, that dictates that the IMF should be led by a european, while the World Bank is managed by an american.
And the second time that I came to the head, as well so, in mid-January of this year, when in the corridors of the Davos Forum, we began to search for the Gobernador of Banxico, Agustín Carstens to ask if you would submit a second nomination to lead the IMF, before the end of the first cycle of Lagarde in the body.
Reporters French, Spanish, brazilian, and us, mexicans, we shared gossip and assumptions about the possibility of bringing back the candidature.
Rumors that were atajados by the Christine Lagarde, right there, in a corridor of the Convention Center Davos, where he said categorically that the Governor Carstens had already commented that he would not pursue his intention to lead the agency.
Declaration that allowed her to get as a candidate only, and that served to be ratified by half a decade more. Five years began to run from August of this year.
We are a few hours of knowing the decision of the IMF on its situation to the front of the body. In may 2011, Strauss-Kahn resigned from the Fund in order not to compromise their institutions in the face of the official legal process.
On this occasion, the IMF accompanied Lagarde in the process, which lasted more than four years. But it seems to me that anyone we forget that is the second directive of French origin that is facing a legal process. And this story has a load reputational.
my notes
Oh, I’m without words… And with two images: that of Carstens in a press conference, informing them of their source of journalists, with the front on high, that he had accepted the appointment of General Manager of the Bank for International (BIS), and of Lagarde, in a court of law French. I am at your orders in my account @morales_yoly
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