Lipsky to leave IMF in August


John Lipsky, the first deputy managing director of the International Monetary Fund (IMF), is to quit the Fund at the end of his first term.

Lipsky, who is 64, said on Thursday that he would not seek re-election for a second term. His term expires on August 31.

He will, however, remain with the IMF as a special adviser until the close of the November G-20 summit.

November will mark the close of a career that began 37 years ago at the Fund. Lipsky's first spell lasted ten years, before he joined S

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