The International Monetary Fund will take in an "informal" Sunday a special meeting of its board of directors after the arrest Saturday in New York's chief executive, Dominique Strauss-Kahn announced the institution.
"It is expected that the board will hold an informal meeting today to be kept informed of developments relating to the Chief," said the Fund in a statement.
"In accordance with normal procedures of the IMF, John Lipsky, first deputy managing director, is interim CEO when the CEO is not in Washington. Mr.Lipsky will chair the informal meeting of the board today, "the IMF added.
The Egyptian-American-British "Nemat Shafik, the Assistant Director General who oversees the work of the IMF in a number of countries of the European Union, will attend the Eurogroup meeting on Monday in Brussels," has also announced the IMF.
Strauss-Kahn had originally planned to attend the meeting of finance ministers of the euro area.
The IMF board is composed of representatives from 24 countries and country groups. It may initiate disciplinary proceedings against the Director General in cases of "serious violations" of the code of conduct for officials of the institution.
