<span style="color: #222222;">International Monetary Fund, IMF managing director Christine Lagarde has resigned ahead of a decision on her nomination to become head of the European Central Bank, ECB.<br />''<br />''Her resignation has been accepted by the IMF Executive Board, which will come into effect from 12 September. <br />''<br />''If the European Council approves Ms Lagarde's ECB nomination, she will become the central bank's first-ever female leader, responsible for the Euro and the monetary policy of the eurozone.<br />''<br />''The former French cabinet minister has been heading the IMF since 2011.</span><br />''<br />''<br />