The International Monetary Fund's executive board, representing 188 member nations, "continues to express its confidence in the managing director's ability to effectively carry out her duties," IMF spokesman Gerry Rice said in a statement.
Lagarde, who has headed the IMF since July 2011, was charged with negligence in the handling of the 2008 government payout to French tycoon Bernard Tapie during her tenure as finance minister.
Tapie was awarded more than 400 million euros ($433 million) in a 2008 dispute with the bank Credit Lyonnais over the sale of sportswear giant Adidas in 1993.
"The board will continue to be briefed on this matter," Rice said.
Lagarde announced today she would fight the order to stand trial in the case.
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app