The Presidential Daily Brief

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    IMF Supports Christine Lagarde Despite Conviction

    She’s sticking it out. The International Monetary Fund leader was convicted by a French court yesterday of negligence related to the misuse of public funds in 2008. But Lagarde, 60, won’t see jail time, financial penalties or even a criminal record. The IMF, which reappointed her in February for a five-year term, says it won’t seek new leadership. While some are hoping the group will appoint a non-European leader in the future, many have concluded that navigating Brexit and a potential Italian financial crisis requires Lagarde’s practiced hand.

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