Editing International Monetary Fund (section)

==Scandals==

Managing Director Lagarde (2011–2019) was convicted of giving preferential treatment to businessman-turned-politician [[Bernard Tapie]] as he pursued a legal challenge against the French government. At the time, Lagarde was the French economic minister.<ref>{{cite web |url=https://money.cnn.com/2016/12/19/news/christine-lagarde-trial-guilty-verdict/index.html |title=Christine Lagarde, IMF chief, guilty of negligence |first1=Alanna |last1=Petroff |work=CNNMoney |date=19 December 2016 |access-date=3 August 2020 |archive-date=8 November 2020 |archive-url=https://web.archive.org/web/20201108110312/https://money.cnn.com/2016/12/19/news/christine-lagarde-trial-guilty-verdict/index.html |url-status=live }}</ref> Within hours of her conviction, in which she escaped any punishment, the fund's 24-member executive board put to rest any speculation that she might have to resign, praising her "outstanding leadership" and the "wide respect" she commands around the world.<ref>{{cite news |url=https://www.bloomberg.com/news/articles/2016-12-20/imf-doubles-down-on-lagarde-as-trump-aims-to-upend-world-order |title=IMF Bets on Lagarde as Trump Aims to Upend World Order |date=20 December 2016 |newspaper=bloomberg.com |access-date=21 December 2016 |archive-date=21 December 2016 |archive-url=https://web.archive.org/web/20161221080317/https://www.bloomberg.com/news/articles/2016-12-20/imf-doubles-down-on-lagarde-as-trump-aims-to-upend-world-order |url-status=live }}</ref>

Former IMF Managing Director [[Rodrigo Rato]] was arrested in 2015 for alleged [[fraud]], [[embezzlement]] and [[money laundering]].<ref>[http://www.rtve.es/noticias/20150416/registro-domicilio-rodrigo-rato/1131140.shtml «Rato, detenido en el registro de su vivienda en Madrid por supuestos delitos de fraude y blanqueo.»] {{Webarchive |url=https://web.archive.org/web/20150416181157/http://www.rtve.es/noticias/20150416/registro-domicilio-rodrigo-rato/1131140.shtml |date=16 April 2015 }} [[RTVE]]. Retrieved 16 April 2015.</ref><ref name="BBC News 16 April 2015">{{cite web |title=Spanish police search home and off ex-IMF chief Rodrigo Rato |url=https://www.bbc.co.uk/news/world-europe-32335842 |author=<!--Staff writer(s); no by-line.--> |date=16 April 2015 |website=BBC News |access-date=16 April 2015 |archive-date=16 April 2015 |archive-url=https://web.archive.org/web/20150416221859/http://www.bbc.co.uk/news/world-europe-32335842 |url-status=live }}</ref> In 2017, the [[Audiencia Nacional]] found Rato guilty of embezzlement and sentenced him to {{frac|4|1|2}} years' imprisonment.<ref>{{cite news |last=Jones |first=Sam |title=Former IMF chief gets four years in jail for embezzlement in Spain |url=https://www.theguardian.com/world/2017/feb/23/former-imf-chief-gets-four-years-jail-after-corruption-trial-in-spain |access-date=24 February 2017 |work=The Guardian |date=23 January 2017 |archive-date=12 November 2020 |archive-url=https://web.archive.org/web/20201112015521/https://www.theguardian.com/world/2017/feb/23/former-imf-chief-gets-four-years-jail-after-corruption-trial-in-spain |url-status=live }}</ref> In 2018, the sentence was confirmed by the [[Supreme Court of Spain]].<ref>{{cite news |url=https://www.eldiario.es/politica/Tarjetas-Rodrigo-Rato-Tribunal-Supremo_0_818918296.html |title=El Supremo confirma la condena de 4 años y seis meses de cárcel para Rodrigo Rato por las tarjetas black |work=eldiario.es |access-date=3 October 2018 |language=es |archive-date=13 March 2020 |archive-url=https://web.archive.org/web/20200313202500/https://www.eldiario.es/politica/Tarjetas-Rodrigo-Rato-Tribunal-Supremo_0_818918296.html |url-status=live }}</ref>