Lagarde steps down as head of IMF

Lagarde has been the head of the IMF since 2011. (JOHN THYS / AFP)

Christine Lagarde has announced that she will no longer be the managing director of the International Monetary Fund (IMF).

She'll soon find out if her nomination to become head of the European Central Bank (ECB) is successful or not.

Lagarde said she will officially leave the IMF on September 12.

He's been the head of the organization since 2011.

More from Business

Coming Up on Dubai Eye

  • The Debrief

    4:00pm - 7:00pm

    Join Dane on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.

  • The Score

    7:00pm - 9:00pm

    Hosted by Chris McHardy, The Score is your comprehensive guide to the world of sport.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!