IMF backs Lagarde despite negligence ruling

The Financial Times writes that the board of the IMF had backed Lagarde's (pictured) continuing leadership within hours of a French tribunal, which ruled her handling of a multimillion-euro dispute during her time as France's finance minister nearly a decade ago was negligent. In a statement, the executive board said it continued to have "full confidence in the managing director's ability to continue to effectively carry out her duties", putting to bed concerns the ruling would end her tenure as leader of the international organisation. The IMF said: "The executive board looks forward...