Lagarde revealed that the IMF "has a heart"



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"It's an institution that is defined by your brain and your wallet, as well as by your heart." So, he defined the International Monetary Fund his outgoing director, Christine Lagardewho will step down to badume the presidency of the European Central Bank.

In a "goodbye" message that he posted on his official Instagram account, Lagarde said, "Today is my last day as Managing Director of the IMF, and it's a good thing. is a day rich in mixed emotions.As I have said before, it is an institution that is defined by your brain and your wallet, as well as by your heart.Working together for eight years, we have strengthened the IMF's commitment to serving its member countries.It's an experience I will cherish forever. "

In the video she publishes, the outgoing director of the IMF also said, "I am often asked the question: what is the IMF actually doing? I like to say that the IMF brings a portfolio, a brain and a heart".

Under his leadership, Argentina has accepted a loan of $ 57.1 billion which correspond to 61% of your current credits and whose program would end in 2021.

Christine Lagarde resigned from the IMF and was appointed President of the European Central Bank

As published Bloomberg, Lagarde's relationship of trust with Macri and the former Minister of Finance Nicolás Dujovne facilitated the negotiation and supervision of the agreement. However, his departure does not change the agreement because the main support came from the IMF members who financed the agreement.

The Acting Managing Director of the IMF will be David Lipton and the Minister. Hernán Lacunza he hopes to meet the fund's authorities in Washington as part of the disbursement scheduled for this month by some $ 5.4 billion.

The IMF has disbursed $ 4.1 billion on the loan and the next transfer of $ 5.4 billion is scheduled for mid-September. The Cardarelli-led mission took place from August 24 to 28 in Argentina, where he met with Lacunza and Central Bank President Guido Sandleris. Alberto Fernandez, favorite candidate to be elected president in October and member of his economic team.

"The Fund will stay on the side of Argentina in these difficult times," said IMF spokesman Gerry Rice.

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