On Avoiding Improper Conduct – IMF




Interesting July 5 letter from the International Monetary Fund on Christine Lagarde’s Terms of Appointment as Managing Director. One imagines a very similar letter was delivered to her predeccessor?

Former French Finance Minister now MD of the IMF

2. As Managing Director, you are expected to observe the highest standards of ethical conduct, consistent with the values of integrity, impartiality and discretion. You shall strive to avoid even the appearance of impropriety in your conduct. In the performance of your duties as Managing Director, you have an exclusive duty of loyalty to the Fund and shall avoid any conflict of interest or the appearance of such a conflict. Subject to the provisions of this agreement, you shall observe the standards of conduct applicable to staff members of the Fund, as may be amended from time to time, and you shall participate in the ethics training program provided by the Fund’s Ethics Advisor that is required for all Fund staff.

Read it all here



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