EXCLUSIVE-IMF's Lagarde to resign on Tuesday -sources

EXCLUSIVE-IMF's Lagarde to resign on Tuesday -sources
The International Monetary Fund (IMF) Managing Director Christine Lagarde attends a press conference in Davos, Switzerland. The International Monetary Fund (IMF) said Monday that global expansion has weakened and that the world's economy is expected to grow at 3.5 percent in 2019, and 3.6 percent in 2020. Image Credit: IANS
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IMF Managing Director Christine Lagarde will submit her resignation from the global financial lender on Tuesday, three sources familiar with her decision said.

Her resignation comes after Lagarde was nominated on July 2 to be the next head of the European Central Bank. She did not immediately resign from the IMF because of uncertainty over whether the new European Parliament would approve her and other new EU leadership positions, the sources told Reuters.

Also Read: Christine Lagarde nominated as president of European Central Bank

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