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The International Monetary Fund's (IMF) board expressed confidence in Christine Lagarde Thursday as the global lender's managing director answered questions in a French court over alleged abuse of office during her time as French finance minister.
The IMF's 24-member executive board had been briefed on the matter, including recently, and continued to express its confidence in the managing director's ability to "effectively carry out her duties," IMF chief spokesman Gerry Rice told a regular briefing.
Lagarde is testifying over her role in a controversial deal that handed some 400 million euros (about 515 million U.S. dollars) to business magnate Bernard Tapie.
Lagarde was tapped to serve as IMF chief in 2011, succeeding Dominique Strauss-Kahn, who resigned after being involved in a sexual assault case.
