US economist David Lipton named as interim leader of IMF

“We accept Ms. Lagarde’s decision to relinquish her IMF responsibilities temporarily during the nomination period,” the board said.

American economist David Lipton will serve as interim leader of the International Monetary Fund, replacing Christine Lagarde who was nominated to head the European Central Bank, the IMF board announced Tuesday.

The International Monetary Fund (IMF) headquarters. (Reuters Photo)

“We accept Ms. Lagarde’s decision to relinquish her IMF responsibilities temporarily during the nomination period,” the board said.

“We have full confidence in First Deputy Managing Director David Lipton as Acting Managing Director of the IMF.”

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)