The head of the International Monetary Fund says the global economy has entered a “dangerous phase” in which advanced economies risk slipping into a new recession that also would hurt developing nations. IMF Managing Director Christine Lagarde said weak growth and huge debts are holding back demand, investment and job creation. Lagarde said that if […]
IMF’s Lagarde: Global Economy in ‘Dangerous Phase’
Posted September 15th, 2011 at 12:10 pm (UTC-5)
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France Opens Investigation Into IMF Chief Lagarde
Posted August 16th, 2011 at 1:05 pm (UTC-5)
France has formally opened an investigation into International Monetary Fund chief Christine Lagarde to determine whether she abused her authority when she served as French finance minister, and tried to resolve a legal dispute involving a controversial tycoon. A special tribunal that can judge ministers Tuesday asked three judges to determine whether Lagarde is guilty […]
French Court to Investigate IMF Chief Lagarde
Posted August 4th, 2011 at 3:50 pm (UTC-5)
A French court has decided to investigate whether International Monetary Fund chief Christine Lagarde abused her authority when she tried to resolve a legal dispute while serving as French finance minister. The special tribunal known as the Court of Justice of the Republic ordered the investigation of Lagarde Thursday, after examining a complaint brought by […]
French Court to Investigate IMF Chief Lagarde
Posted August 4th, 2011 at 9:00 am (UTC-5)
A French court has decided to investigate whether International Monetary Fund chief Christine Lagarde abused her authority when she served as French finance minister, and tried to resolve a legal dispute involving a controversial tycoon. The court ordered the investigation Thursday after examining the results of a preliminary probe of Lagarde’s actions. Prosecutors accuse her […]
IMF’s Lagarde Urges Quick US Resolution of Debt Crisis
Posted July 26th, 2011 at 9:50 am (UTC-5)
International Monetary Fund chief Christine Lagarde says the United States needs to quickly resolve its debt limit crisis because the “consequences would be far-reaching” if it does not. In a speech Tuesday to the Council on Foreign Relations in New York, Lagarde said U.S. congressional leaders and President Barack Obama need to reach agreement “as […]
Lagarde Pledges to Move Forward with IMF Reforms
Posted July 6th, 2011 at 10:55 am (UTC-5)
The new head of the International Monetary Fund, Christine Lagarde, has pledged to move forward with reforms to give emerging economies more influence at the lending organization. Speaking Wednesday in her first news conference as IMF chief, the former French finance minister said the world economy is rebounding from the financial crisis, but unevenly, with […]
France’s Lagarde First Woman to Head IMF
Posted June 28th, 2011 at 2:45 pm (UTC-5)
The new head of the International Monetary Fund, Christine Lagarde, is the first woman tapped to lead the lending organization since its founding nearly 70 years ago. The 55-year-old Lagarde has been France’s finance minister since June 2007, earning widespread respect for her leadership during the financial crisis. Lagarde helped lead negotiations last year that […]
Egypt, Indonesia, UAE Back Lagarde’s Bid for IMF Job
Posted June 12th, 2011 at 5:00 pm (UTC-5)
French Finance Minister Christine Lagarde’s bid to head the International Monetary Fund received a big boost Sunday when Egypt, Indonesia, and the United Arab Emirates publicly endorsed her over two other candidates. The backing from those three countries came as Lagarde visited Egypt to shore up support for her candidacy. Lagarde said the visit left […]
Egypt Backs Lagarde’s Bid for IMF Chief
Posted June 12th, 2011 at 10:15 am (UTC-5)
Egyptian Foreign Minister Nabil al-Arabi has announced his country’s support of French Finance Minister Christine Lagarde’s bid to lead the International Monetary Fund. Arabi made the announcement Sunday in Cairo following meetings with Lagarde, who is in Egypt as part of a visit to the region to shore up support for her candidacy. The post […]
French Court to Rule on Lagarde in July
Posted June 10th, 2011 at 7:35 am (UTC-5)
A French court has delayed until July 8 a decision on whether to open a formal inquiry into claims that Finance Minister and International Monetary Fund candidate Christine Lagarde abused her power. The delay means the allegations will hang over Lagarde’s bid to be the new IMF chief. Lagarde says she did nothing wrong in […]
