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URGENT ¥¥¥ IMF has confidence in Lagarde despite French case


The IMF said Thursday said it remains confident in Managing Director Christine Lagarde despite a French probe into her handling of a high-profile scandal when she was a government minister.

"The executive board has been briefed on this matter, including recently, and continues to express its confidence in the managing director's ability to effectively carry out her duties," said International Monetary Fund spokesman Gerry Rice.