The introduction of sensible flexibility in lending tools (FCLs, etc). The support, analytical and otherwise, for the crisis response by the G20 and the world. I don’t want to leave without remembering with you some key milestones. The Fund’s response to the crisis has been much praised.
I thank you, all of you, for having sharpened that vision not just for me, but for the world, and for having given it content.
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But I had only the vaguest ideas about how to go about the task. This last phrase has always been more than just a slogan for me: I come from a place painfully aware of the slide from economic damage to political strife to war, destruction, and human misery. When I first met you, (I am picturing us in the atrium), I confess that all I really had was a sense of commitment to the Fund’s founding vision of global economic cooperation. In the meantime, I cannot accept that the Fund-and you dear colleagues-should in any way have to share my own personal nightmare. I deny in the strongest possible terms the allegations which I now face I am confident that the truth will come out and I will be exonerated. I am very sorry that this has been the case. The past days have been extremely painful for me and my family, as I know they have been for everyone at the Fund. I am doing so because I believe it to be in the best interests of the institution that I care about so much, and of you, the staff, whom I deeply appreciate and admire. I wanted very much to be in touch with you, personally and directly, to express my profound sadness and frustration in having to leave under these circumstances. You have seen my letter of resignation as Managing Director of the Fund-one of the most difficult communications of my life.
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