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| Monday, 8 March 2004 |
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IMF MD resigns International Monetary Fund (IMF) Managing Director Horst Kohler announced he would resign from his post, effective at the end of business Thursday, following his nomination for the German Presidency. Effective immediately, the Managing Director will excuse himself from official IMF business. First Deputy Managing Director Anne Krueger will be Acting Managing Director until the IMF's Executive Board names a successor to Mr. K'hler. Before joining the IMF in May 2000, Kohler, 61, a German national, was President of the European Bank for Reconstruction and Development, a post to which he was appointed in September 1998. K'hler was President of the German Savings Bank Association from 1993 to 1998. From 1990 to 1993, he served as Germany's Deputy Minister of Finance, and was responsible for international financial and monetary relations. |
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