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WAKANDA NATION

Members: 90,615. Date: 12-08-2022

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DP

Christine Lagarde Resigns As IMF MD

By valentine202 • 3 years ago • 604 • 20
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Christine Lagarde, the Managing Director, International Monetary Fund (IMF), has resigned, the IMF says.

The Executive Board of the fund said this in a statement issued by it on Tuesday in Washington D.C., adding that it has accepted Lagarde’s resignation with effect from Sept. 12.

“We would like to express our greatest appreciation for all that Lagarde has done for the institution.

“Her legacy of achievements has made a lasting imprint on the fund.

“Under her 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.”

The board added that the fund had excelled in serving its entire membership over the course of her tenure with cutting-edge policy advice supported by ground-breaking analytical work on a range of macro-critical issues.

It also said that her stewardship had been exceptional, adding that it was grateful for her innovative and visionary leadership.

“With this decision by Lagarde, the IMF executive board will initiate promptly the process of selecting the next Managing Director and will communicate in a timely fashion.

“The executive board has the utmost confidence in Mr David Lipton, who remains Acting Managing Director of the fund in the interim period.”

Lagarde’s resignation comes ahead of a decision on her nomination to become head of the European Central Bank (ECB).

The 63-year-old former French cabinet minister, who began her career as a lawyer, has been head of the IMF since 2011.


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Related Post viewed by other
20 Replies | Last update 3 years ago | Last comment Rapkiddo
  • CURRENCY CURRENCY 3 years ago

    Good one 

  • Dramealpha Dramealpha 3 years ago

    Certainly ..anything with a beginning also has an end .

  • CodeHenry CodeHenry 3 years ago

    More success 

    Wish u more greater heights in your endeavor

  • raymonduzong raymonduzong 3 years ago

    certainly great to them about this

  • bankyfem bankyfem 3 years ago

    that's bad

  • ADEBAYOAdeola ADEBAYOAdeola 3 years ago

    Honestly, She has done her level best as a woman. I pray for God to let her excel in all her endeavors.

  • izybeatz izybeatz 3 years ago

    cool

  • isaacpeter isaacpeter 3 years ago

    Nice

  • doubleyourhustle doubleyourhustle 3 years ago

    Nice one

  • morecash morecash 3 years ago

    Good

  • morecash morecash 3 years ago

    Good

  • morecash morecash 3 years ago

    Good

  • jake69reing69 jake69reing69 3 years ago

    The board added that the fund had excelled in serving its entire membership over the course of her tenure with cutting-edge policy.

  • mreddy mreddy 3 years ago

    Thanks for the news

  • idea1234 idea1234 3 years ago

    Ok

  • talk2mannie talk2mannie 3 years ago

    Weldone... 

  • Rapkiddo Rapkiddo 3 years ago

    eyah

  • AdenikeNatufe AdenikeNatufe 3 years ago

    Wish him greater height in his next endeavor

  • Shunjet Shunjet 3 years ago

    good

  • Shunjet Shunjet 3 years ago

    she has tried

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