According to Schwab, arrangements have been made for Lagarde to take over the WEF before the end of her tenure at the ECB – which is due in October 2027. Schwab also adds that Lagarde has been part of this plan that the both had discussed for “several years” now with the latest conversation taking place in early April.
The discussion was to manage the transition with Lagarde to be “ready to take over, at the latest, early 2027”.
For some context, Lagarde is also part of the WEF board of trustees since 2008. In any case, it would be quite the impressive résumé after having headed the IMF previously as well.
The full report can be found here (may be gated).
This article was written by Justin Low at www.forexlive.com.
