Strauss-Kahn quits IMF
Friday, 20 May 2011
Fazle Rashid
NEW YORK, May 19: Dominique Strauss-Kahn, beleagured Managing Director of the International Monetary Fund (IMF) resigned yesterday amid growing accusation that he is hurting the institution. "It is with infinite sadness that I feel compelled to present to the executive board my resignation from the post of IMF managing director," he said. The resignation came four days after he was disembarked from a Air France flight to Paris at New York's JFK airport on charge of sexually assaulting a housekeeper at a luxury hotel at Manhattan. "I want to say that I deny with greatest possible firmness all of the allegations that have been made against me," he said. A fresh bail move will be made today with a bond of $1.0 million, the New York Times (NYT) in a report said today. Meanwhile, Christine Lagarde, the finance minister of France has emerged as the principal contender and favourite to replace Strauss-Kahn at IMF. She is enormously impressive, politically astute and a strong personality, said a former IMF official. European officials are frantically trying to keep the post to Europe. Ms. Lagarde has remained silent about the speculations running high. Brazil and South Africa have said it is time to change the tradition of IMF getting its managing director from Europe. China and Chile have asserted the position be filled on merit.
NEW YORK, May 19: Dominique Strauss-Kahn, beleagured Managing Director of the International Monetary Fund (IMF) resigned yesterday amid growing accusation that he is hurting the institution. "It is with infinite sadness that I feel compelled to present to the executive board my resignation from the post of IMF managing director," he said. The resignation came four days after he was disembarked from a Air France flight to Paris at New York's JFK airport on charge of sexually assaulting a housekeeper at a luxury hotel at Manhattan. "I want to say that I deny with greatest possible firmness all of the allegations that have been made against me," he said. A fresh bail move will be made today with a bond of $1.0 million, the New York Times (NYT) in a report said today. Meanwhile, Christine Lagarde, the finance minister of France has emerged as the principal contender and favourite to replace Strauss-Kahn at IMF. She is enormously impressive, politically astute and a strong personality, said a former IMF official. European officials are frantically trying to keep the post to Europe. Ms. Lagarde has remained silent about the speculations running high. Brazil and South Africa have said it is time to change the tradition of IMF getting its managing director from Europe. China and Chile have asserted the position be filled on merit.