IMF’s Lagarde guilty of ‘negligence’ but avoids sentence over 2008 payout

IMF’s Lagarde guilty of ‘negligence’ but avoids sentence over 2008 payout

A French court on Monday convicted International Monetary Fund chief Christine Lagarde of “negligence” for her role in a controversial €400 million payout to a French tycoon in 2008 while she was finance minister. The Court of Justice did not hand down a sentence, a decision welcomed by her lawyer, Patrick Maisonneuve, as a “partial” […]

IMF releases long-awaited $1bn in aid for Ukraine

IMF releases long-awaited $1bn in aid for Ukraine

The International Monetary Fund said its board on Wednesday approved a long-awaited loan disbursement to Ukraine of about $1 billion after a review of the country’s bailout program. The IMF has agreed to pump $17.5 billion into Ukraine’s economy in a four-year bailout, releasing the funds in installments subject to the government making progress on […]