Managing Director of the International Monetary Fund Christine Lagarde has been nominated to succeed Italy’s Mario Draghi from 01 November, and to become the next president of the European Central Bank. Lagarde’s mandate at the IMF is due to end in 2021.
“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.”, she stated on 02 July.