IMF Chief Christine Lagarde resigns

by VTV418 July 2019 Last updated at 15:10 PM

VTV.vn - International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis lender on Tuesday, citing more clarity about her nomination to lead the European Central Bank.

She did not immediately quit the IMF because of uncertainty over whether the new European Parliament would support her and other new EU leadership positions.

IMF succession is expected to be a major topic of discussion among G7 finance ministers and central bank governors that are meeting on Wednesday and Thursday in Chantilly, France, near Paris amid concerns that slowing global growth and trade conflicts will put pressure on vulnerable economies.

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