>> I would like to publicly thank the IMF executive board for reaffirming its full confidence in my ability to do my job as head of the of the IMF.>> IMF Chief Christine Lagarde found guilty of negligence in a Paris court Monday, but escaping a more serious verdict in Washington.
The International Monetary Fund's governing board late Monday deciding Lagarde will not have to pack her bags.>> I'm very much looking forward to continuing to work with that extraordinary team.>> This after the French court said, Lagarde should have challenged a 400 million Euro payout to French business tycoon Bernard Tapie when she was finance minister in 2008.
The court's sparing Lagarde's from facing a sentence citing her good reputation. Lagarde already back in Washington has maintained her innocence and her lawyers say, they will appeal. Lagarde is only a few months into a second five-term and the board's decision averts a new leadership crisis at the fund after Lagarde's predecessor, Dominique Strauss Kahn resigned in 2011 amidst sexual assault allegations.