IMF Managing Director Dominique Strauss-Kahn ResignsMay 18, 2011 Mr. Dominique Strauss-Kahn today informed the Executive Board of the International Monetary Fund (IMF) of his intention to resign as Managing Director with immediate effect. Mr. Strauss-Kahn made the following statement in a formal letter of resignation to the Board:
Ladies and Gentlemen of the Board:
It is with infinite sadness that I feel compelled today to present to the Executive Board my resignation from my post of Managing Director of the IMF.
I think at this time first of my wife—whom I love more than anything—of my children, of my family, of my friends.
I think also of my colleagues at the Fund; together we have accomplished such great things over the last three years and more.
To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me.
I want to protect this institution which I have served with honor and devotion, and especially—especially—I want to devote all my strength, all my time, and all my energy to proving my innocence.
The Fund will communicate in the near future on the Executive Board’s process of selecting a new Managing Director. Meanwhile, Mr. John Lipsky remains Acting Managing Director.