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 Business Breakfast

    7:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

On Dubai Eye