World Bank President Resigns

Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system.

Russia's highly regarded central bank Governor Elvira Nabiullina sought to resign after Vladimir Putin ordered an invasion of Ukraine, only to be told by the president to stay.

Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her nomination to the presidency of the European Central Bank, she announced Tuesday.

Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported on Friday.

World Bank Group President Jim Yong Kims surprise resignation comes amid differences with the Trump administration over climate change and the need for more development resources. Just last month, the World Bank announced it would double its investments to fight climate change to around $200 billion over the next five years.

World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire.

Mauritius President Ameenah Gurib-Fakim resigned on Saturday after being embroiled in a scandal over her use of a credit card to buy luxury personal items, in an abrupt change of heart after vowing she would not stand down.

Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system.

Russia's highly regarded central bank Governor Elvira Nabiullina sought to resign after Vladimir Putin ordered an invasion of Ukraine, only to be told by the president to stay.

Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her nomination to the presidency of the European Central Bank, she announced Tuesday.

Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported on Friday.

World Bank Group President Jim Yong Kims surprise resignation comes amid differences with the Trump administration over climate change and the need for more development resources. Just last month, the World Bank announced it would double its investments to fight climate change to around $200 billion over the next five years.

World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire.

Mauritius President Ameenah Gurib-Fakim resigned on Saturday after being embroiled in a scandal over her use of a credit card to buy luxury personal items, in an abrupt change of heart after vowing she would not stand down.