## Statement by Managing Director Christine Lagarde

_IMF News, July 16, 2019_

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## Bibliographic details
- Published: July 16, 2019

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### Resignation announcement
- Press Release No. 19/280
- Date of statement: July 16, 2019
- Ms. Christine Lagarde, Managing Director of the IMF, announced she has submitted her resignation from the Fund.
- Resignation effective date: September 12, 2019

### Reason and intent
- Ms. Lagarde stated that, with greater clarity on the process for her nomination as ECB President and the time it will take, she made the decision to resign "in the best interest of the Fund, as it will expedite the selection process for my successor."
- Her prior relinquishment of responsibilities announced previously will remain in effect until the effective resignation date.

### Interim leadership and succession process
- The Executive Board will take the necessary steps to move forward with the process for selecting a new Managing Director.
- David Lipton remains Acting Managing Director.
- The Fund will communicate on the Executive Board’s process of selecting a new Managing Director in due course.

### Media contact
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson

*Statement by Managing Director Christine Lagarde, Press Release No. 19/280, July 16, 2019.*

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## Content in this bundle

- **INTERNATIONAL MONETARY FUND — Resignation Letter from Christine Lagarde**
  - [INTERNATIONAL MONETARY FUND — Resignation Letter from Christine Lagarde (Markdown version)](/-/media/files/news/press-release/2019/md-resignation-letter.pdf.md){rel="alternate" type="text/markdown"}
  - [INTERNATIONAL MONETARY FUND — Resignation Letter from Christine Lagarde (PDF)](/-/media/files/news/press-release/2019/md-resignation-letter.pdf){rel="external" type="application/pdf"}

---

## References

- [Christine Lagarde](https://www.imf.org/en/About/senior-officials/Bios/christine-lagarde)
- [Statement by the IMF’s Executive Board: Managing Director Lagarde Resigns with Effect from September 12; Executive Board Indicates Selection Process to Start Promptly](https://www.imf.org/en/news/articles/2019/07/16/pr19281-statement-imf-executive-board-managing-director-lagarde-resigns-selection-process-starts)
- [Selection Process for IMF Managing Director](https://www.imf.org/en/About/Factsheets/Managing-Director-Selection-Process)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [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/2019/07/16/pr19280-statement-by-managing-director-christine-lagarde_