The executive board of the International Monetary Fund (IMF) says Christine Lagarde must continue with her "outstanding leadership", despite being convicted by a French court on Monday.Lagarde was convicted of negligence in the misuse of public funds, but after the IMF board reviewed her situation, it expressed its "full confidence" in her work.“The Executive Board met today to consider recent developments in the [...]
Tag "Christine Lagarde"

Christine Lagarde, managing director of the International Monetary Fund (IMF), says at the current rate of change, the world may not achieved economic gender equality (equal pay) in 170 years.Speaking at the Glamour awards in Los Angeles, where she was awarded woman of the year, Lagarde shared her own experiences, on gender cracks and successes; how she went from a [...]

Kemi Adeosun, minister of finance, called for sustainable and inclusive growth for Africa at a high level G20 finance ministers seminar held in Paris, France capital, on Thursday.The ministers met to discuss current challenges to the international financial architecture and ways of combating macroeconomic volatility.The high level seminar also assessed volatility in capital flows and their impact on global economic [...]

Christine Lagarde has been re-elected managing director of the International Monetary Fund (IMF), and is set to lead the body for the next five years.After her announcement by the executive board on Friday, Lagarde expressed appreciation for the trust reposed on her to lead again.“I have been honoured to serve in the past five years, I greatly appreciate the continued trust [...]

Despite stringent measures to conserve foreign exchange, the Nigerian foreign exchange reserves fell by $954,581,406 in the past one month.According to the latest figures from the Central Bank of Nigeria (CBN), the reserves fell below $28 billion for the first time since August 2005, when it stood at $26.951 billion.The reserves opened 2016 at $28.978 billion on January 4, and [...]

Christine Lagarde, managing director of the International Monetary Fund (IMF), on Friday, said she would run for a second term.Speaking at the World Economic Forum in Davos, Switzerland, Lagarde said she had no obvious challengers and was open to serving another term.“I am a candidate to a new mandate. I was honoured to receive from the start of the process, [...]

Femi Falana, a senior advocate of Nigeria, says Christine Lagarde, managing director of the International Monetary Fund (IMF), lacks the moral integrity to recover Nigeria’s loot locked in foreign countries.Speaking at the Osun State University, Ifetedo, on Wednesday, Falana highlighted the issues Lagarde herself was facing in her home country.“The managing director of the International Monetary Fund, Christine Lagarde stated [...]