Press Release: IMF Managing Director Dominique Strauss-Kahn Resigns

IMF News, May 18, 2011

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Canonical URL: Press Release: IMF Managing Director Dominique Strauss-Kahn Resigns

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Published: May 18, 2011

Announcement

Press Release No. 11/187
Date: May 18, 2011
Mr. Dominique Strauss-Kahn informed the Executive Board of the International Monetary Fund (IMF) of his intention to resign as Managing Director with immediate effect.
The Fund will communicate in the near future on the Executive Board’s process of selecting a new Managing Director.
Meanwhile, Mr. John Lipsky remains Acting Managing Director.

Excerpt of Dominique Strauss-Kahn’s formal letter of resignation

Opening salutation: "Ladies and Gentlemen of the Board:"
Exact quoted passages from the letter:
- "It is with infinite sadness that I feel compelled today to present to the Executive Board my resignation from my post of Managing Director of the IMF."
- "I think at this time first of my wife—whom I love more than anything—of my children, of my family, of my friends."
- "I think also of my colleagues at the Fund; together we have accomplished such great things over the last three years and more."
- "To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me."
- "I want to protect this institution which I have served with honor and devotion, and especially—especially—I want to devote all my strength, all my time, and all my energy to proving my innocence."
Signature line in the letter: "Dominique Strauss-Kahn"

Institutional next steps (as stated)

The Fund will provide further communication regarding the Executive Board’s process for selecting a new Managing Director.

Source: Press Release No. 11/187, May 18, 2011

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