core sector communique

IMF Managing Director Dominique Strauss-Kahn Resigns

May 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.
Dominique Strauss-Kahn
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.