Pakistan Needs To Mobilize Tax Revenue, Cut Debt, Says IMF
Monday, July 22, 2019, 8:36 PM
Pakistan needs to mobilize domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said after a meeting with Pakistani PM Imran Khan. Khan's government faces mounting pressure as rising prices and tough austerity policies under Pakistan's latest bailout from IMF are squeezing the middle class that helped carry it to power.
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.