IMF postpones board meeting on Strauss-Kahn arrest

Washington: The International Monetary Fund has postponed until Monday its executive board meeting in the wake of the arrest in New York of managing director Dominique Strauss-Kahn.

"The tentatively scheduled informal briefing of the executive board has been postponed pending further developments in New York," IMF spokesman William Murray said in a statement yesterday.

He did not offer any details.

Strauss-Kahn was arrested yesterday and charged with a sexual assault and attempted rape on a chambermaid in the luxury Sofitel hotel in New York, near Times Square.

The 62-year-old IMF chief was expected to be arraigned before a New York judge later Sunday.

The IMF announced earlier that John Lipsky, its first deputy managing director, had been appointed acting managing director while Strauss-Kahn was outside Washington.

It also said that Nemat Shafik, the deputy managing director who oversees the IMF`s work in several European Union countries, will attend Monday`s Eurogroup meeting in Brussels instead of Strauss-Kahn.