## 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

**Canonical URL:** [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)

## Other formats

- [Markdown version](/en/news/articles/2019/07/16/pr19281-statement-imf-executive-board-managing-director-lagarde-resigns-selection-process-starts/index.md)
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## Bibliographic details
- Published: July 16, 2019

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### 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.*

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## Content in this bundle

- **INTERNATIONAL MONETARY FUND — Resignation Letter from Christine Lagarde (July 16, 2019)**
  - [INTERNATIONAL MONETARY FUND — Resignation Letter from Christine Lagarde (July 16, 2019) (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 (July 16, 2019) (PDF)](/-/media/files/news/press-release/2019/md-resignation-letter.pdf){rel="external" type="application/pdf"}

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## References

- [Christine Lagarde](https://www.imf.org/en/About/senior-officials/Bios/christine-lagarde)
- [Statement by Managing Director Christine Lagarde](https://www.imf.org/en/news/articles/2019/07/16/pr19280-statement-by-managing-director-christine-lagarde)
- [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/pr19281-statement-imf-executive-board-managing-director-lagarde-resigns-selection-process-starts_