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Europe Explained

Lagarde resigns IMF post

epa07634443 Christine Lagarde (L), managing director of the International Monetary Fund (IMF) talks with China's Central Bank Governor Yi Gang (R) during the G20 Finance Ministers and Central Bank Governors Meeting in Fukuoka, Japan, 08 June 2019. EPA-EFE/KIM KYUNG-HOON / POOL

Christine Lagarde resigned as managing director of the International Monetary Fund effective on September 12 as she seeks to become European Central Bank president.

Lagarde said in a statement Tuesday that she notified the IMF board of her planned departure. She had already suspended her duties after being nominated by EU leaders for the ECB post this month.

POLITICO

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