Central Banking

Fischer to leave the Fund

At a Washington press conference on May 8, Stanley Fischer announced his intention to resign from the International Monetary Fund, two years into his second five-year term as deputy managing director.

He announced that he plans to stay with the Fund until the end of the year to allow a smooth handover to his successor. "What I expect is that once my successor has been chosen and comes on board, I would step down as First Deputy Managing Director, stay in the Fund a few months in order to

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