NEW YORK - Christine Lagarde as Director of the International Monetary Fund (IMF) or the International Monetary Fund will receive more than $ 550,000 a year in total compensation. According to the IMF on Tuesday (5 / 7), former French finance minister is going to get the salary package after taxes $ 467,940 annually and $ 83,760 annual allowance for living expenses.
Lagarde, the first woman to run global financial institutions, start of its term for 5 years as director, on Tuesday (5 / 7). Women born January 1, 1956 it took over the leadership of the IMF in crucial situations. The IMF will work closely with the European Union and the European Central Bank to provide financial support to Greece and other European economies are troubled.
The IMF has also been rocked by controversy surrounding Dominique Strauss-Kahn, a former director, who resigned May after a sexual assault case in New York hotel maid. Strauss-Kahn was released from house arrest last week after prosecutors said the victim's credibility was in question. When appointed in 2007, based on IMF, Strauss-Kahn gets a salary of U.S. $ 420,930 per year and the allowance of U.S. $ 75,350.
Under the terms of appointment, the IMF said Lagarde is expected to adhere to the highest standards of ethics, consistent with the values of integrity, impartiality and discretion.
"The money will be used by Lagarde to ensure the scale of life according to his position as Managing Director and need funds for representation," the IMF statement.
Lagarde is believed to be capable of managing their own investments, including those who became members of the immediate family. But he must provide annual reports to the board of the IMF to ensure no conflict of interest. Lagarde will receive pension benefits and will be able to take "reasonable vacation.
Lagarde, the first woman to run global financial institutions, start of its term for 5 years as director, on Tuesday (5 / 7). Women born January 1, 1956 it took over the leadership of the IMF in crucial situations. The IMF will work closely with the European Union and the European Central Bank to provide financial support to Greece and other European economies are troubled.
The IMF has also been rocked by controversy surrounding Dominique Strauss-Kahn, a former director, who resigned May after a sexual assault case in New York hotel maid. Strauss-Kahn was released from house arrest last week after prosecutors said the victim's credibility was in question. When appointed in 2007, based on IMF, Strauss-Kahn gets a salary of U.S. $ 420,930 per year and the allowance of U.S. $ 75,350.
Under the terms of appointment, the IMF said Lagarde is expected to adhere to the highest standards of ethics, consistent with the values of integrity, impartiality and discretion.
"The money will be used by Lagarde to ensure the scale of life according to his position as Managing Director and need funds for representation," the IMF statement.
Lagarde is believed to be capable of managing their own investments, including those who became members of the immediate family. But he must provide annual reports to the board of the IMF to ensure no conflict of interest. Lagarde will receive pension benefits and will be able to take "reasonable vacation.
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