- Associated Press - Tuesday, May 28, 2013

WASHINGTON (AP) — The International Monetary Fund is reiterating its confidence in Managing Director Christine Lagarde’s leadership after a French court stopped just short of charging her in an investigation of a payoff to a businessman.

Ms. Lagarde was questioned at length for two days last week in the Paris hearings, which concluded by naming her a key witness in the probe of the payoff arranged while she was France’s finance minister. She still could be charged in the case at a later date.

The IMF said Tuesday that its executive board has been briefed on the outcome of the recent hearings in France “and has reaffirmed its confidence in the managing director’s ability to effectively carry out her duties.”

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