In the beginning of July, Lagarde in a statement said she would relinquish her role as head of the International Monetary Fund during the nomination process to be president of the European Central Bank. It comes ahead of a decision on her nomination to become head of the European Central Bank (ECB).
The IMF board tapped her number two, American David Lipton, to serve as interim managing director, but by tradition a European always leads the fund while an American runs its sister institution, the World Bank. In a separate statement, IMF Executive Board said that it has accepted the resignation of Lagarde and expressed its "greatest appreciation" for what she did for the institution.
The European Parliament will hold a vote on the next ECB chief, but its outcome is not binding, and Lagarde's appointment will be finalized by EU leaders at a regular summit on October 17-18.
French Finance Minister Bruno Le Maire, whose country now holds the rotating presidency of the G7, is in charge of finding consensus around one of the names by the end of July, two G7 officials said.
On the sidelines of the G7 meeting, Bank of England Governor Mark Carney, considered a leading candidate to replace Lagarde, is slated to meet with U.S. Treasury Secretary Steven Mnuchin, who wields strong influence over the IMF's leadership.
How Arsenal Transfer News Affect Their Odds to Win?
Other players rumored to be destined for Arsenal include; Sokratis Papastathopoulos, from Borussia Dortmund, and Saul Niguez. . If they are rumored to buy an elite player, during the transfer window, they play well which increases the odds of winning.
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Now if that isn’t the epitome of what a BFF is, I don’t know what is! Selena continues to be on chronic medication. There is also a huge list of celebrities past like famous painter vincent Van Gogh who suffered with this disease.