Statement by the IMF’s Executive Board: Managing Director Lagarde Resigns with Effect from September 12; Executive Board Indicates Selection Process to Start Promptly
IMF News, July 16, 2019
Source details
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- Statement by the IMF’s Executive Board: Managing Director Lagarde Resigns with Effect from September 12; Executive Board Indicates Selection Process to Start Promptly
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Bibliographic details
- Published: July 16, 2019
Key actions and timelines
- Press Release No. 19/281
- Date: July 16, 2019
- The IMF Executive Board accepted Managing Director Christine Lagarde’s resignation from the Fund with effect from September 12, 2019.
- The Executive Board will initiate promptly the process of selecting the next Managing Director and will communicate in a timely fashion.
- Mr. David Lipton remains Acting Managing Director of the Fund in the interim period.
Executive Board appraisal and legacy summary
- The Executive Board expressed its “greatest appreciation for all that Managing Director Lagarde has done for the institution.”
- Under Ms. Lagarde’s 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.”
- “excelled in serving its entire membership” with cutting-edge policy advice supported by ground-breaking analytical work on a range of macro-critical issues.
- The Board described her stewardship as “exceptional” and credited her with “innovative and visionary leadership.”
Media and contact information
- IMF Communications Department
- MEDIA RELATIONS
- PRESS OFFICER:
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter: @IMFSpokesperson
Statement by the IMF Executive Board, July 16, 2019.
Content in this bundle
- INTERNATIONAL MONETARY FUND — Resignation Letter from Christine Lagarde (July 16, 2019)