Two weeks after she was nominated to become President of the European Central Bank, Christine Lagarde says she is to quit as IMF chief on September 12th.
She also said she now has 'greater clarity' about the process for her ECB nomination.
Next up, she'll face a nonbinding vote on her appointment at the European Parliament.
If she wins that, the vote is due to be finalised by EU leaders before she'd take over from Mario Draghi on October 31st.
Her IMF successor is likely to be a hot topic for G7 finance ministers and central bank governors meeting in France this week.
One name tipped is Bank of England Governor Mark Carney.
He's due to meet U.S. Treasury Secretary Steven Mnuchin at the G7.
Other names being floated include Bank of Finland Governor Olli Rehn, as well as ECB executive board member Benoit Coeure.
The U.S. normally holds strong influence over the IMF leadership - though it's normally led by a European,
While Americans traditionally lead the IMF's sister institution, the World Bank.
Lagarde didn't leave the IMF immediately due to uncertainty over whether the new European Parliament would support her.
If she takes over at the ECB, she joins Ursula von der Leyen in a top role at the EU.
The German Defence Minister was voted European Commission President Tuesday (July 16).