Christine Lagarde Resignes as Firector of the IMF

World » EU | July 17, 2019, Wednesday // 09:18| Views: | Comments: 0
Bulgaria: Christine Lagarde Resignes as Firector of the IMF archive

Christine Lagarde resigned as director of the International Monetary Fund (IMF). The decision will enter into force on September 12. This is said in a statement by Lagard, distributed by the financial institution.

"I met the Executive Board and applied for resignation, which will come into force on September 12. The refusal of my commitments, which was announced earlier, will remain in force until now," the statement said. Lagarde has decided to resign "in the interest of the fund because it will speed up the process of choice" to her successor.

"The Executive Council will now take the necessary steps to move the process of electing a new director, and David Lipton will remain our acting director," she said.

At the EU summit on 2 July, Lagarde's nomination was elected President of the European Central Bank. In that regard, Lagarde announced on the same day that she would temporarily suspend her job as a director.

Earlier, Reuters announced she had not resigned immediately because she was not convinced that her candidacy would be approved by the European Parliament.

EU » Be a reporter: Write and send your article
Tags: christine lagarde, IMF, resign, EU
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria