Home | News | General | Lagarde resigns as IMF managing director
Nigeria vs Tunisia: Rohr hints at goalkeeper change, starting XI
FG generated N39bn from passport issuance, others in 12 months

Lagarde resigns as IMF managing director

Christine Lagarde has resigned as the managing director of International Monetary Fund (IMF).

In a statement released on Tuesday, Lagarde said her resignation will be effective from September 12.

The 63-year-old was appointed to lead the Bretton Wood institution in 2011.

She got re-elected for a second term in 2016.

“I have met with the Executive Board and submitted my resignation from the Fund with effect from September 12, 2019. The relinquishment of my responsibilities as Managing Director announced previously will remain in effect until then.

“With greater clarity now on the process for my nomination as ECB President and the time it will take, I have made this decision in the best interest of the Fund, as it will expedite the selection process for my successor.

“The Executive Board will now be taking the necessary steps to move forward with the process for selecting a new Managing Director.”

Lagarde had previously stepped aside temporarily from her position at the IMF after she was nominated to be the president of the European Central Bank.

David Lipton, the first deputy managing director, has been the acting managing director.

IMF’s executive board has accepted her resignation, announcing that the process of selecting the next managing director would begin promptly.


CLICK HERE TO READ MORE FROM: General Visit website


view more articles

About Article Author

Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

View More Articles

100 Most Popular News

Displaying 1 - 41 of 41