Dominique Strauss-Kahn, International Monetary Fund Leader Resigns

By on May 20, 2011 in Current Events, Europe, United States, World Comments

Image Credit: AP

Various international news sites reported on Thursday, May 19,2011 that Dominique Strauss-Kahn resigned as International Monetary Fund’s Managing Director.

He is being held at Rikers Island prison after being formally charged with seven crimes related to the alleged assault of a 32-year-old Guinean maid in his suite at the Sofitel, including attempted rape and an illegal sexual act.

He said that he wants to devote his time to prove his innocence.

John Lipsky, Deputy Managing Director of the IMF, is currently serving on an interim basis, but he had planned to retire in August and does not appear to be seeking the position.

European official said that since IMF is playing a pivotal role in European sovereign debt crisis, it is critical that the next IMF leader shall have a thorough understanding of European issues. Christine Lagarde, the current Finance Minister of France appears to be a leading candidate for the position.

China is one of many nations calling for the next IMF leader to be determined on the basis of impartiality, merit, and transparency.

On Monday, a judge ordered the 62-year-old French national be sent to prison at Rikers Island out of concern that he is a flight risk. Strauss-Kahn was also placed under suicide watch as a precaution.

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