Lagarde resigns as IMF boss, paving way for European Central Bank presidency

IMF Managing Director Christine Lagarde has resigned with effect from September 12, and the selection process for her successor will start promptly, the Executive Board said in a statement on Tuesday. Lagarde is poised to take up the European Central Bank presidency, becoming the central bank’s first-ever female leader She will succeed Mario Draghi, who has been at the helm since June 2011. “Today the IMF Executive Board accepted Managing Director Christine Lagarde’s resignation from the Fund with effect from September 12, 2019,” the statement by the IMF communications department said.…

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