The head of the International Monetary Fund (IMF), Christine Lagarde, who said that it will not appeal the decision, he kept this Monday its job and prevented a conviction, despite the fact that French judges the convicted of negligence by a payment made by the State when he was Finance minister of France in 2008.
WE RECOMMEND: Declare Lagarde guilty of negligence, but exempted from penalty
The executive board of the International Monetary Fund (IMF), with headquarters in Washington, reaffirmed its confidence in the ability of Lagarde to comply with its duties to lead the lender, hours after they knew the verdict in Paris.
“The Directory Ejecutivsao hopes to continue working with the Managing Director to address the difficult challenges facing the global economy,” said the directory, in a statement.
In its ruling Monday, the judges did not consider that there were negligence in the decision of Lagarde to seek an out of court settlement with the millionaire Bernard Tapie. But they said that it was negligent in failing to object to the amount of about 400 million euros (417 million dollars), which led to the misuse of public funds.
“Should be considered in the context of the global financial crisis in which there was mrs. Lagarde,” said Martine Ract-Madoux, the chief judge on the case, explaining the absence of a judgment.
Ract-Madoux also cited the good reputation of Lagarde and her international position as reasons why the court did not sentence. The charges against Lagarde would have resulted in a sentence of up to five years in prison.
Lagarde, who described the case as an ordeal of five years, said that it will not appeal the verdict. Last week, the officer testified at trial that he acted in good faith and thinking in the public interest.
Lagarde, who was ratified in his position by the members of the IMF in February, has earned the respect of the leaders of the financial sector at the global level by putting pressure on governments to do more to boost economic growth.
CPR
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