International Monetary Fund managing director Christine Lagarde will keep her job, despite being convicted on negligence charges, the D.C.-based IMF announced on Monday. Lagarde had been convicted in a surprise ruling several hours earlier, on criminal charges relating to misuse of public funds in 2008, while she served as France’s finance minister. She was accused of using her government role to give special treatment to former Adidas owner Bernard Tapie. The IMF declined to remove Lagarde from her post. "The Executive Board reaffirms its full confidence in the Managing Director's ability to continue to effectively carry out her duties," the organization announced in a statement. Lagarde is not expected to face jail time for her conviction.