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The IMF will begin the process of selecting the new executive director after the official resignation of Christine Lagarde



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The Executive Committee of the International Monetary Fund (IMF) said on Tuesday it would begin the selection process for a new chief executive, after the current Chief Executive Officer, Christine Lagarde, has officially resigned from the IMF leader . Effective from September 12, 2019.

Lagarde was appointed two weeks ago to preside over the European Central Bank (ECB), as part of an agreement between European leaders on the new leadership of the main institutions of the European Union. He then decided to temporarily abandon the management of the IMF during the nomination period.

"I doubted a lot about this proposal within the next 48 hours and finally I decided to accept (this candidature)," said Lagarde in a statement released Tuesday, adding that he could not do it. to avoid feeling "very contradictory" emotions.

"Today, the IMF Executive Board accepted the resignation of Managing Director Christine Lagarde as of September 12, 2019," the executive Council said in a statement. "We would like to express our deep appreciation to Mrs. Lagarde for everything she has done as the executive director of this institution, and the consequences of her achievements have left a lasting impression on the Fund," said the Executive Board .

"Following this decision of the general director, Ms. Lagarde, the IMF Executive Committee will quickly begin the process of selection of a new CEO and will communicate (the information on this topic) in a timely manner," said the Director General Executive council

David Lipton, first Deputy Director General of the IMF, has been acting CEO of the IMF since the appointment of Lagarde. The Executive Council reaffirmed "maximum confidence" in Mr. Lipton, who will continue to be the CEO during the interim period. F

<! – enpproperty 749998482019-07-17 02: 00: 37: 618The IMF will begin the process of selecting the new executive director after the official resignation of Christine LagardeIMF-Lagarde10027176468newsnewshttp://french.china.org.cn/foreign/txt/2019-07/17/content_74999848.htmnullXinhua News AgencyThe Executive Committee of the International Monetary Fund (IMF) said on Tuesday it would begin the selection process for a new chief executive, after the current Chief Executive Officer, Christine Lagarde, has officially resigned from the IMF leader . Effective from September 12, 2019.1/ Enpproperty ->

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