Thu, 22 Feb 2024 Today's Paper

Lagarde’s ECB nomination thrusts IMF into early succession race

By

4 July 2019 09:57 am - 0     - {{hitsCtrl.values.hits}}

A A A

(Washington) REUTERS: The nomination of Christine Lagarde as European Central Bank President on Tuesday has thrust the International Monetary Fund (IMF) into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.

 

Lagarde in a brief announcement said she was “honoured” by the nomination and would temporarily relinquish her duties as IMF Managing Director during the nomination period.
Her appointment is subject to approval by a fractious European Parliament. If approved, she would take over as ECB President from Mario Draghi on October 31.


Lagarde’s second five-year term as IMF Managing Director is not due to end until July 2021. Last September, when asked by the Financial Times whether she was interested in the ECB job, she replied, “No, no, no no,


no no.”In a statement, the IMF board said it accepted her decision to temporarily step aside and named IMF First Deputy Managing Director David Lipton as the fund’s acting chief, expressing its “full confidence” in the American economist. The board statement provided no details about the search for a successor to lead the IMF. 

 


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Human lives at stake… When protectors of the law become predators

On Thursday (January 18), a sub-inspector attached to the Narammala Police St

Research on sex work during Lankan civil war: Sex workers and their faint cries to access basic rights

A broken pair of rubber slippers kept on a display caught this writer’s eye

Newlywed Sri Lankans forced to remain childless

The ongoing economic crisis in the country is not only impacting the availabi

Paramedics and docs in tug of war over raise in DAT allowance

On Tuesday (January 9), staffers in the paramedic services launched an unanno