The IMF's executive board reiterated its backing for Lagarde, indicating support for her to remain managing director of the lender despite being convicted of negligence by a French court. Photo: Bloomberg

IMF’s decision to stick by Lagarde is a prudent one

At a time of uncertainty, instability at the top of the international financial organisation would have done nothing for confidence

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The IMF's executive board reiterated its backing for Lagarde, indicating support for her to remain managing director of the lender despite being convicted of negligence by a French court. Photo: Bloomberg
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