Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

‘Mexico will not finance US wall,’ foreign minister says

Read more

ACROSS AFRICA

African nations need to prepare for potential return of thousands of jihadists

Read more

EYE ON AFRICA

DR Congo former child soldiers awarded $10 mn in damages in landmark ruling

Read more

MEDIAWATCH

Website roots out "Rotten Apples"

Read more

THE WORLD THIS WEEK

Putin's press conference, Alabama election, One Planet Summit, Brexit Phase II, Disney & Fox

Read more

#TECH 24

WorldRemit: Helping migrant workers send money back home

Read more

FOCUS

The challenges awaiting the new leader of South Africa's ANC

Read more

THE INTERVIEW

Bangladeshi PM calls violence in Myanmar 'unacceptable'

Read more

DOWN TO EARTH

Was 2017 the worst year for the environment?

Read more

Business

IMF names interim head after Strauss-Kahn’s arrest

Text by News Wires

Latest update : 2011-05-16

IMF deputy John Lipsky (pictured) will step in as acting managing director in the wake of Dominique Strauss-Kahn’s arrest for a sexual assault, an IMF spokesman said Sunday.

REUTERS - The IMF said on Sunday its No. 2 official, John Lipsky, will step in as acting managing director of the global institution in the absence of IMF chief Dominique Strauss-Kahn, who is charged with sexual assault.

IMF spokesman William Murray said Lipsky will meet with members of the IMF board on Sunday to inform them of developments. The board is the main overseer of the IMF’s daily operations.

“In line with standard IMF procedures, John Lipsky, first deputy managing director, is acting managing director while the MD is not in DC,” Murray said in a statement. “Mr. Lipsky will chair the informal Board session today.”

Date created : 2011-05-15

  • FRANCE - USA

    IMF chief Strauss-Kahn charged with attempted rape in New York hotel

    Read more

  • FRANCE - USA

    Strauss-Kahn ‘innocent until proven guilty’, says French government

    Read more

  • FRANCE

    Porsche-chauffered socialist? Not in France

    Read more

COMMENT(S)