International Monetary Fund directors said they have “full confidence” in the ability of Christine Lagarde to carry out her duties as managing director. The statement of support came after a French court convicted her of negligence that led to the misuse of public funds eight years ago when she was France’s finance minister.
The New York Times (free-article access for SmartBrief readers) (19 Dec.), France 24/Agence France-Presse/The Associated Press/Reuters (20 Dec.)