Ms Lagarde's nomination triggered the temporary handover of her duties to David Lipton, who is acting as managing director of the International Monetary Fund.
She said in a statement yesterday that she had submitted her resignation from the International Monetary Fund and it will go into effect in September.
"I have made this decision in the best interest of the Fund, as it will expedite the selection process for my successor".
She said: "I have met with the Executive Board and submitted my resignation from the Fund with effect from September 12, 2019".
Early candidates mentioned as possible successors to Lagarde include Mark Carney, a Canadian who also holds British and Irish citizenship and whose term as leader of the Bank of England is up in January; French politician Pierre Moscovici, who is the European Union finance commissioner, and former British finance minister George Osborne.
The Executive Board of the fund said this in a statement issued by it on Tuesday in Washington D.C., adding that it has accepted Lagarde's resignation with effect from September 12.
Chandrayaan-2 will now launch on July 22, says ISRO
Nellore: Isro is planning to launch the aborted Chandrayaan-2 mission in the afternoon on July 22 or before the end of this month. If India did manage the soft landing, it would be only the fourth country to do so after the U.S., Russian Federation and China .
Lagarde's resignation, first reported by Reuters, came two weeks after her nomination on July 2 for the ECB's top job.
Madam Lagarde as some people prefer to call her was appointed IMF's boss in July 2011 for a five year term which was renewed in July 2016.
The European Parliament will hold a vote on the next ECB chief, but its outcome is not binding, and Lagarde's appointment will be finalized by EU leaders at a regular summit on October 17-18. She also advocated the benefits of trade, global growth and women's empowerment. Lagarde's decision to resign comes on the eve of a meeting of the Group of Seven finance ministers in Chantilly, France.
If approved, she would take over as European Central Bank president from Mario Draghi on October 31.
Other names being floated include Bank of Finland Governor Olli Rehn, as well as ECB executive board member Benoit Coeure.
As head of the International Monetary Fund, she has had some battle-testing, bringing stability to the euro zone debt crisis of the last decade and presiding over large bailouts for Argentina, Egypt and Ukraine.
British prime minister Gordon Brown, in 2009, apologized for Turing's treatment by the justice system in the 1950s. The new Alan Turing £50 note is the last of the Bank of England's collection to be changed from paper to polymer.
The central bank estimated the local economy to grow 1.9 percent on-year in the first half and 2.4 percent in the second half. Adding to this, prices of semiconductors, a key export item for South Korea, has remained weak.
The pop culture blog called The Hashtag Show reported that a few unnamed actors are cast as Charles Manson and Tex Watson. Also, he added that they have a lot more African-American music, which will be helpful.
The emergency committee of worldwide health experts that advises WHO had thrice declined to declare an emergency. An employee walks with a cross past others disinfecting the entrance to the morgue in Beni, Congo.
Just as Suzuki's Lithium-ion battery plant in Gujarat, Hyundai is looking at establishing its own battery plant in India. Owners of these early models will receive a free home charging point, which will be installed at no extra charge by MG.
The council will be made up of five civilians, five people from the military, and an 11th person to be chosen by the council. The agreement reads that the establishment of a new transitional civilian-military ruling body will be established.
Assise dans une voiturette de golf, cette dernière a reçu accidentellement en pleine tête, une balle de golf frappée par son père. Transportée à l'hôpital de Salt Lake City dans un état critique, elle a succombé à ses blessures dans la nuit.
And some people, many of them Native Hawaiians, believe that the land never should have seen development at all. The sun sets behind telescopes at the summit of Mauna Kea, Hawaii's tallest mountain, Sunday, July 14, 2019.
Et "les salariés du privé, des régimes spéciaux et les fonctionnaires auront des cotisations identiques". Mais Jean-Paul Delevoye s'était bien gardé d'aller plus loin en évoquant des scénarios d'âge.
How Katy Perry and Taylor Swift finally made up
You know, it's important for us to really do the work before we go and take this really big next step because I was married before and it's not the same in your thirties as you know", she said.
Un élu démocrate réclame une enquête du FBI — FaceApp
Autant d'éléments qui ont suscité une levée de boucliers d'internautes et ont contribué à provoquer un buzz à double tranchant. L'application n'a toutefois pas accès aux autres photos contenues dans le téléphone sans un accord explicite .
CSX profit falls on trade-related weakness
CSX defines dwell time as the average amount of time in hours between auto arrival to and departure from the yard. Foote has more than 40 years of experience in railroading, and has been CSX's chief executive since 2017.
Five years on, flight MH17 families call for justice
The aircraft was on its way from Amsterdam to Kuala Lumpur; there were citizens of several countires aboard, majority were Dutch. AP writers Eileen Ng in Kuala Lumpur , Malaysia, and Nataliya Vasilyeva in Moscow contributed.
G-7 countries take dim view of Facebook Libra
As finance ministers from the Group of Seven rich democracies gathered Wednesday at a chateau in Chantilly, near Paris, U.S. Britain unveiled legislation last week and Spain's new government is expected to introduce its own version.
Falcons sign LB Jones to four-year, $57M extension
Set to play the final year of his rookie contract during the 2019 season, the 24-year-old is now signed through the 2023 campaign. It has been reported that both sides are trying to come to an agreement before training camp starts next week.