## Statement by Christine Lagarde on the U.K. Referendum

_IMF News, June 24, 2016_

## Source details

**Canonical URL:** [Statement by Christine Lagarde on the U.K. Referendum](https://www.imf.org/en/news/articles/2016/07/05/13/52/pr16303-statement-by-christine-lagarde-on-the-uk-referendum)

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## Bibliographic details
- Published: June 24, 2016

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### Key messages from Ms. Christine Lagarde
- "We take note of the decision by the people of the United Kingdom."
- "We urge the authorities in the U.K. and Europe to work collaboratively to ensure a smooth transition to a new economic relationship between the U.K. and the EU, including by clarifying the procedures and broad objectives that will guide the process."
- "We strongly support commitments of the Bank of England and the ECB to supply liquidity to the banking system and curtail excess financial volatility."
- "We will continue to monitor developments closely and stand ready to support our members as needed."

### Policy recommendations and actions
- Urge collaborative work between U.K. and European authorities to:
  - Ensure a smooth transition to a new economic relationship between the U.K. and the EU.
  - Clarify the procedures and broad objectives that will guide the transition process.
- Support central bank measures to:
  - Supply liquidity to the banking system (as committed by the Bank of England and the ECB).
  - Curtail excess financial volatility.
- IMF stance:
  - Continue close monitoring of developments.
  - Stand ready to support IMF members as needed.

*Statement by Christine Lagarde on the U.K. Referendum — Press Release No. 16/303, June 24, 2016.*

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## References

- [United Kingdom and the IMF](http://www.imf.org/external/country/GBR/index.htm)
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- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2016/07/05/13/52/pr16303-statement-by-christine-lagarde-on-the-uk-referendum_