a little boom below…perhaps for some….in my reality there is no IMF, BIS, FED, etc. etc. etc…….
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With her confirmation to succeed Mario Draghi as president of the ECB virtually assured, Christine Lagarde will resign from her position as the head of the IMF later on September 12th.
Christine Lagarde✔@Lagarde
Today I informed the #IMF Board that I will resign as Managing Director of the International Monetary Fund, effective September 12. It has been a privilege to serve our 189 member countries with the devoted staff of this institution. https://www.imf.org/en/News/Articles/2019/07/16/pr19280-statement-by-managing-director-christine-lagarde …
Statement by Managing Director Christine Lagarde
imf.org
“I have met with the Executive Board and submitted my resignation from the Fund with effect from September 12, 2019. The relinquishment of my responsibilities as Managing Director announced previously will remain in effect until then. With greater clarity now on the process for my nomination as ECB President and the time it will take, I have made this decision in the best interest of the Fund, as it will expedite the selection process for my successor.
The Executive Board will now be taking the necessary steps to move forward with the process for selecting a new Managing Director. David Lipton remains our Acting Managing Director.”
CONTINUE HERE.
