Christine Lagarde resigns as IMF chief, cites more clarity on ECB post
Wednesday, July 17, 2019, 8:38 AM
French politician Christine Lagarde on Tuesday said she will resign as the Managing Director of International Monetary Fund with effect from September 12. She has been nominated by the European Council as President of the European Central Bank. Her resignation has been accepted by the IMF Executive Board with effect from September-12. David Lipton remains the IMF Acting Managing Director in the interim period.
Christine Lagarde To Resign As IMF Chief In September
Wednesday, July 17, 2019, 8:19 AM
Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her nomination to the presidency of the European Central Bank, she announced Tuesday. Her departure allows the IMF board to begin the search for her replacement. EU leaders early this month picked Lagarde to succeed ECB chief Mario Draghi, whose single, eight-year term ends in November.
IMF chief Christine Lagarde warns of worse trade hit to global economy
Thursday, November 29, 2018, 9:11 AM
The impact of escalating trade tensions on global growth are worse than feared just one-month ago, and threatened US auto tariffs could cut a large chunk out of the world economy, IMF said. Just last month, the International Monetary Fund warned of the dangers of the trade frictions notably between the US and China, which have exchanged tariffs on hundreds of billions in products.