The Executive Board of the International Monetary Fund (IMF) today issued the following statement regarding the Managing Director Christine Lagarde’s hearing in France last week:

“As we have said before, it would not be appropriate to comment on a case that has been and is currently before the French judiciary. However, the Executive Board has been briefed on this matter, including on the outcome of the recent hearings before the Court of Justice of the Republic in Paris, and has reaffirmed its confidence in the Managing Director’s ability to effectively carry out her duties.”