IMF Board Accepts Lagarde’s Temporary Decision to Relinquish Responsibilities on Nomination as ECB President

Christine Lagarde, Managing Director, IMF and newly nominated President of the European Central Bank

July 3, 2019/IMF

The Executive Board of the International Monetary Fund (IMF) issued the following statement today following the nomination of IMF Managing Director Christine Lagarde to the presidency of the European Central Bank.

“We, the Executive Board of the IMF, take note of the nomination of IMF Managing Director Christine Lagarde as President of the European Central Bank.

“We accept Ms. Lagarde’s decision to relinquish her IMF responsibilities temporarily during the nomination period. We have full confidence in First Deputy Managing Director David Lipton as Acting Managing Director of the IMF.”

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