IMF Says First Deputy Managing Dir to Serve as Chief After Lagarde Relinquishes Duties

WASHINGTON, July 3: First Deputy Managing Director David Lipton will serve as IMF acting chief after Managing Director Christine Lagarde’s decision to relinquish her duties, the fund said in a statement.
“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,” the statement said on Tuesday.
“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.”
(AGENIES)

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