Lagarde relinquishes IMF duties temporarily; nominated to head European Central Bank

July 03, 2019 (LBO) – Managing Director of the International Monetary Fund (IMF) Christine Lagarde has decided to relinquish her IMF responsibilities temporarily as she has been nominated as the next President of the European Central Bank.

The Executive Board of the IMF issued the following statement today following her nomination to the presidency of the European Central Bank.

“We, the Executive Board of the IMF, take note of the nomination of IMF Managing Director Christine Lagarde as President of the European Central Bank,” the IMF said.

“We accept Ms. Lagarde’s decision to relinquish her IMF responsibilities temporarily during the nomination period,”

“We have full confidence in First Deputy Managing Director David Lipton as Acting Managing Director of the IMF.”

IMF-Christine-Lagarde