French police searched the Paris apartment of IMF managing director Christine Lagarde in late March as part of an investigation over the way Lagarde, as French minister of finance, handled the compensation settlement of French businessman Bernard Tapie (see Update 76). An IMF spokesman said that, despite the raid, which occurred on a day of key negotiations over a loan to Cyprus (see above), and the ongoing investigation, “Madame Lagarde would be able to effectively carry out her duties as managing director”. The IMF executive board confirmed it knew about the Tapie investigation at the time of her hiring.
10 June 2011
Critical gender analysis of Bank's Development Policy Financing.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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