IMF's Lipsky steps in as acting chief: statement

WASHINGTON Sun May 15, 2011 12:32pm EDT

WASHINGTON (Reuters) - The IMF said Sunday its No. 2 official, John Lipsky, will step in as acting managing director of the global institution in the absence of IMF chief Dominique Strauss-Kahn, who is charged with sexual assault.

IMF spokesman William Murray said Lipsky will meet with members of the IMF board Sunday to inform them of developments. The board is the main overseer of the IMF's daily operations.

"In line with standard IMF procedures, John Lipsky, first deputy managing director, is acting managing director while the MD is not in DC," Murray said in a statement. "Mr. Lipsky will chair the informal Board session today."

(Reporting by Lesley Wroughton; Editing by Eric Beech)