The International Monetary Fund groups 188 countries; its aim is to secure financial stability.
One of the organization's stated objectives is making financial resources available to member countries to meet balance of payments needs. The IMF therefore plays an important role in solving the crises of countries threatened by bancruptcy. Its headquarters are in Washington, D.C., United States, it current managing director is Christine Lagarde, a former French finance minister. This page collates recent DW coverage concerning Lagarde and the IMF.
Venezuela’s economy nosedived after oil prices crashed in 2014, causing ongoing food shortages and exorbitant hyperinflation. According to the IMF, over 80 percent of households are now living in poverty. So it's hardly surprising that a growing number of Venezuelans want to leave the country. With most not having the necessary cash to escape the country, they are heading to the island of Curacao.
IMF chief Christine Lagarde has been found guilty of negligence by a French court, but she has not been sentenced. Lagarde, who will remain head of the international creditor, has said she would not appeal the verdict.
IMF Chief Christine Lagarde is standing trial in Paris. She is accused of negligence leading to the misuse of public funds while serving as France's finance minister. Prosecutors say Lagarde improperly approved a decision to allow out-of-court arbitration in a dispute with businessman Bernard Tapie, a supporter of the then President Nicolas Sarkozy.