Strauss-Kahn Resigns as IMF Managing Director


Sandrine Rastello
Bloomberg
May 19, 2011

Dominique Strauss-Kahn, once considered a leading contender to win the French presidency next year, resigned as head of the International Monetary Fund after being charged with attempting to rape a New York hotel maid.

Strauss-Kahn, 62, informed the Executive Board of the IMF of his intention to resign as managing director with immediate effect, the IMF said in an e-mailed statement.

“I want to protect this institution which I have served with honor and devotion, and especially — especially — I want to devote all my strength, all my time, and all my energy to proving my innocence,” Strauss-Kahn said in a letter included in the IMF’s statement.

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