LONDON (MNI) – The International Monetary Fund announced Wednesday
that Managing Director Dominique Strauss-Kahn told the Executive Board
on Wednesday of his intention to resign.

Strauss-Kahn was arrested Saturday in New York on charges that he
attempted to rape a chambermaid at his hotel in that city.

The full text of the IMF’s statement, released on its website,
follows:

Mr. Dominique Strauss-Kahn today informed the Executive Board of
the International Monetary Fund (IMF) of his intention to resign as
Managing Director with immediate effect. Mr. Strauss-Kahn made the
following statement in a formal letter of resignation to the Board:

Ladies and Gentlemen of the Board:

It is with infinite sadness that I feel compelled today to present
to the Executive Board my resignation from my post of Managing Director
of the IMF.

I think at this time first of my wife — whom I love more than
anything — of my children, of my family, of my friends.

I think also of my colleagues at the Fund; together we have
accomplished such great things over the last three years and more.

To all, I want to say that I deny with the greatest possible
firmness all of the allegations that have been made against me.

I want to protect this institution which I have served with honor
and devotion, and especially want to devote all my strength, all my
time, and all my energy to proving my innocence.

Dominique Strauss-Kahn

The Fund will communicate in the near future on the Executive
Board’s process of selecting a new Managing Director. Meanwhile, Mr.
John Lipsky remains Acting Managing Director.

–London ++207 862 7499, ukeditorial@marketnews.com

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