<P> In the context of the European debt crisis, some observers noted that Spain and California, two troubled economies within Europe and the United States, and also Germany, the primary and politically most fragile supporter of a euro currency bailout would benefit from IMF recognition of their leadership in green technology, and directly from Green Fund--generated demand for their exports, which could also improve their credit ratings . </P> <P> Both Lagarde and her two predecessors Strauss - Kahn and Rato have been investigated by the authorities and have either faced trial or are scheduled to go on trial for a variety of offences . </P> <P> Lagarde had been accused of giving preferential treatment to businessman - turned - politician Bernard Tapie as he pursued a legal challenge against the French government . At the time, Lagarde was the French economic minister . Within hours of her conviction, in which she escaped any punishment, the fund's 24 - member executive board put to rest any speculation that she might have to resign, praising her "outstanding leadership" and the "wide respect" she commands around the world . </P> <P> In March 2011 the Ministers of Economy and Finance of the African Union proposed to establish an African Monetary Fund . </P>

Can a country veto some imf board decisions