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    Wednesday, June 20, 2018

    IMF’s General Counsel, Sean Hagan, to Retire

    The International Monetary Fund has said its General Counsel, Sean Hagan, will retire at the end of October 2018.
    The Managing Director, IMF, Christine Lagarde, revealed this in a statement on Monday.
    According to Lagarde, Hagan has worked at the IMF for 28 years, including almost 14 years as general counsel and head of the fund’s legal department.

    She said Hagan announced his intention to take up a position in academia, hence his retirement.
    “During Hagan’s tenure at the fund, he made his mark on virtually every aspect of the fund’s work. Hagan’s significant policy achievements, undertaken in collaboration with colleagues, include modernising the fund’s lending toolkit, integrating its surveillance processes, articulating the fund’s policies on sovereign debt, and devising multilateral debt relief for highly indebted low-income countries,” she added.

    Lagarde noted that under Hagan’s stewardship, the fund’s legal department actively promoted the rule of law in member countries, including the development of the fund’s approach on anti-money laundering, combating terrorist financing, and addressing corruption and improving governance, coupled with extensive technical assistance.
    She described Hagan’s efforts to raise the profile of ethics and integrity, both inside and outside of the fund, as innovative and admirable.
    She said, “Hagan joined the IMF’s legal department in 1990 and rose through the ranks to be appointed general counsel in 2005. Prior to the IMF, he was in private practice, first in New York and subsequently in Tokyo.

    “He received his Juris Doctor from the Georgetown University Law Center; a Master of Science in International Political Economy from the London School of Economics and Political Science; and a Bachelor of Arts in History from Kings College, University of London. The search for a replacement will begin shortly. He will be sorely missed by all of us at the fund and beyond.”

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