Keyword: IMF

French prosecutors drop Strauss-Kahn rape probe

End of investigation into accusations that the disgraced former IMF chief Dominique Strauss-Kahn took part in a gang rape in the United States.

Senior economist quits 'indecisive' IMF, 'ashamed' at its incompetence and its 'tainted' chief Lagarde

Veteran IMF economist Peter doyle quits job with a blazing attack on 'tainted' Christine Lagarde and the organisation's handling of the euro crisis.

Hotel video of DSK and maid broadcast on French TV

News channel BFM TV airs New York hotel CCTV footage of DSK and room maid Nafissatou Diallo shortly after his alleged sexual assault upon her.

Why the IMF holds the key to solving the eurozone crisis

 © EU. © EU.

Few have heard of the International Monetary Fund's substitution account. The mechanism, proposed 40 years ago, never saw the light of day and yet, argues Philippe Ries, this is an instrument that would have offered, here and now, a way out of the eurozone debt crisis.

Exclusive: the damning report by French magistrates on Christine Lagarde's suspected crimes

Mediapart has obtained exclusive access to the scathing conclusions of a French court that prompted its decision earlier this month to open an investigation into IMF chief Christine Lagarde's suspected 'aiding and abetting falsification' and 'misappropriation of public funds' when she was French finance minister. The magistrates from France's Court of Justice of the Republic detail why they suspect that she acted personally to ensure that French tycoon Bernard Tapie, who leant public support to French President Nicolas Sarkozy's 2007 election campaign, received a payout of 403 million euros from the public purse through an arbitration procedure.

Leading by example? How the IMF shot itself in the foot - again


The Executive Board of the International Monetary Fund in June appointed former French finance minister Christine Lagarde as its Managing Director in full knowledge of the legal procedure concerning her and which this week led to the opening of an investigation into her suspected involvement in 'aiding and abetting falsification' and 'misappropriation of public funds'. At a moment of grave international economic turmoil, the IMF, still reeling from the Dominique Strauss-Kahn affair, finds itself further weakened. Philippe Riès returns to the background of Lagarde's appointment and interviews Ted Truman, senior fellow with the Washington-based Peterson Institute for International Economics and a former assistant secretary of the US Treasury for International Affairs, about the consequences of Lagarde's predicament for the IMF.

IMF head Christine Lagarde faces tycoon deal probe

A French court is to investigate new IMF chief Christine Lagarde for abuse of authority when she was French finance minister.

French court to decide on inquiry into IMF's Lagarde

French judges to rule Thursday whether IMF chief Christine Lagarde should be formally investigated over payout to tycoon Bernard Tapie.

Two tycoons and a secret pact to carve up millions in compensation


A French court will decide in August whether the new IMF chief Christine Lagarde will be investigated for her role, when French finance minister, in the controversial 2008 award of more than 400 million euros of public money to French tycoon Bernard Tapie. The case took a new twist in July after Mediapart led revelations over a secret pact between flamboyant, twice-fold rags-to-riches Tapie and an equally colourful entrepreneur called André Guelfi, a.k.a.Dédé la Sardine. The two men, who first met in prison, agreed to share their winnings in Tapie's compensation claim against the Crédit Lyonnais bank, and Guelfi's astronomic and ongoing compensation demand of more than 1 billion euros from oil giant Total, with funds destined to an offshore tax haven. Laurent Mauduit reports.

'Conflict of interest' delays Lagarde probe decision


A decision on whether to launch an investigation into suspected "abuse of authority" and "obstruction of the law" by former French finance minister and new IMF chief Christine Lagarde was postponed by a top French court on Friday. The suspicions over Lagarde's role in a generous payout of public money to French tycoon Bernard Tapie in 2008 were originally referred for investigation by France's senior public prosecutor in May. Michel Deléan reports on the latest events in a case threatening to undermine Lagarde's IMF mandate and the reputation of the institution.

French court postpones Lagarde 'abuse' probe decision

A French court Friday postponed a decision on opening a corruption probe into new IMF chief Christine Lagarde over her actions as a minister.

New IMF chief Lagarde tells staff she 'plans' to last five years

As Christine Lagarde took over at IMF, transcript of earlier staff address oddly ends with "my plan is to stay with you for the next five years".

Lagarde's Net Salary As IMF Chief $468,000 Plus $84K Allowance

Christine Lagarde, the new head of the International Monetary Fund, will make just under $468,000 in annual salary, plus an $84,000 allowance.

The Chicago gang behind Lagarde's appointment as IMF chief


French president Nicolas Sarkozy hailed the appointment of his former finance minister Christine Lagarde as IMF chief as a "victory for France". Philippe Ries begs to differ, and argues here why it was above all a success for the US administration in a savvy operation mounted by a clique of Obama advisors.

Why the US is the greatest threat to Lagarde at the IMF

Christine Lagarde will start her first day in the job as IMF chief next Tuesday with three question marks hanging over her appointment.