Christine Lagarde, Managing Director of the International Monetary Fund (IMF), has been nominated as the President of the European Central Bank.
Lagarde in a statement said, “I am honored to have been nominated for the Presidency of the European Central Bank. In light of this, and in consultation with the Ethics Committee of the IMF Executive Board, I have decided to temporarily relinquish my responsibilities as Managing Director of the IMF during the nomination period.”
Responding to her nomination, the Executive Board of the IMF said, “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 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,” the statement added.
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