Christine Lagarde formally steps down as IMF Managing Director

Lagarde was the French Finance Minister ahead of her appointment to IMF in 2011. Lagarde submitted her resignation to the position in July 2019.

Washington:Managing Director of the International Monetary Fund (IMF) Christine Lagarde formally stepped down from her post on Thursday.

Christine tweeted "Today is my last day as Managing Director of the @IMFNews, an institution with a brain, a wallet—and a heart. During the past eight years, we strengthened the Fund’s commitment to serve its member countries. It is an experience that I will treasure forever."

Lagarde was the French Finance Minister ahead of her appointment to IMF in 2011. Lagarde submitted her resignation to the position in July 2019.

As per reports, she is expected to be the next President of the European Central Bank.