The Managing Director of the International Monitory Fund (IMF), Ms. Christine Lagarde has resigned.
Ms. Lagarde made her resignation notice known in a statement she released on Tuesday on the official website of the fund where she wrote:
“The Executive Board will now be taking the necessary steps to move forward with the process for selecting a new Managing Director. David Lipton remains our Acting Managing Director”.
Meanwhile, the Executive Board following Largade’s resignation issued a statement Tuesday, accepting her decision.
“We would like to express our greatest appreciation for all that Managing Director Lagarde has done for the institution. Her legacy of achievements has made a lasting imprint on the Fund. Under her guidance, the Fund successfully helped its members navigate a complex and unprecedented set of challenges, including the impact of the global financial crisis and its aftershocks.
“The Fund has excelled in serving its entire membership over the course of her tenure with cutting-edge policy advice supported by ground-breaking analytical work on a range of macro-critical issues. Her stewardship has been exceptional, and we are grateful for her innovative and visionary leadership.