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Christine Lagarde

IMF Chief Christine Lagarde Convicted of Payout; No Jail Punishment Handed

Dec 20, 2016 12:32 AM EST

International Monetary Fund (IMF) chief Christine Lagarde is convicted of payout to businessman on Monday by French Court yet acquitted for any jail punishment.

Egypt struck a currency swap deal with China.

Egypt Reaches Currency Swap Deal With China, may Obtain IMF Loan

S. Rina |

Oct 31, 2016 02:54 PM EDT

Egypt struck a currency swap deal with China. The deal is expected to be worth $2.7 billion and is expected to boost Egypt's bid for $12 billion International Monetary Fund (IMF) loan.

China's Currency Gets Key Backing From IMF

Elena Garcia |

Nov 15, 2015 01:02 PM EST

The head of the International Monetary Fund, Christine Lagarde, says that she supports the bid to add China's yuan to the organization's exclusive club of the world's top currencies.