Statement by the IMF Executive Board on Legal Proceedings in France Relating to the Managing Director
IMF News, December 19, 2016
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Bibliographic details
- Published: December 19, 2016
Executive Board assessment and conclusion
- Press Release No. 16/570
- Date: December 19, 2016
- The Executive Board met to consider recent developments in the legal proceedings in France involving Managing Director Christine Lagarde.
- The Board “took all relevant factors into account in its discussions, including the Managing Director’s outstanding leadership of the Fund and the wide respect and trust for her leadership globally.”
- The Executive Board “reaffirms its full confidence in the Managing Director’s ability to continue to effectively carry out her duties.”
Governance and oversight
- Under the Fund’s governance framework, the Managing Director is appointed by the Executive Board and performs her duties under the Board’s direction.
- In the exercise of its oversight responsibilities, the Executive Board has met regularly, since the Managing Director’s appointment in 2011, to consider whether developments in the legal proceedings in France relating to the Managing Director have affected her ability to lead the Fund.
Forward-looking statement and institutional intent
- “The Executive Board looks forward to continuing to work with the Managing Director to address the difficult challenges facing the global economy.”
Contact information
- IMF Communications Department, MEDIA RELATIONS
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
Statement by the IMF Executive Board on Legal Proceedings in France Relating to the Managing Director, December 19, 2016.