Archive for Sunday, October 26, 2008

IMF director keeping job despite affair

October 26, 2008


— The head of the International Monetary Fund will keep his job despite having an affair with a married subordinate, the agency's executive board concluded.

The IMF board issued a statement late Saturday saying that the actions of IMF Managing Director Dominique Strauss-Kahn were "regrettable and reflected a serious error of judgment."

However, the 24-member board of directors decided that Strauss-Kahn's relationship with the former IMF employee was consensual and did not involve any type of sexual harassment, favoritism or any abuse of authority.

The board, which represents all 185 member-nations of the lending institution, reached its conclusions at the end of a daylong meeting at IMF headquarters in Washington.


jmadison 9 years, 8 months ago

Paul Wolfowitz will be happy to hear about this.

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