The head of the International Monetary Fund will step down in October for personal reasons, it was announced Thursday, about six weeks after the upheaval at the helm of its sister institution, the World Bank.
“My family circumstances and responsibilities, particularly withregard to the education of my children, are the reason forrelinquishing earlier than expected my responsibilities at the Fund,”he said in a statement to the board of the 185-nation lendinginstitution.
De Rato, 58, a former Spanish economy minister, toldthe executive board of the 185-nation lending organization he wouldleave in October after the IMF’s annual meeting.
He was due to end his five-year term in May 2009. He succeeded Horst Koehler, now Germany’s president, in May 2004.
Uff, whatever the people surrounding him says, I really believe he is returning to the next Spanish election campaign. The exact date is not known though, although it could be next October or a little later, in March 2008.
He was a magnificent MP, a terror for PSOE because of his very well-organised brain and his bitter but calm answers. I really would like him again in Spain as Minister, if it’s possible. 😀 [He also made errors, the biggest one in communication policy…].