IMF's Christine Lagarde calls for 'clarity' on UK-EU Brexit separation talks

Christine Lagarde speaking in Washington, DC on  June 24, 2016.
Christine Lagarde speaking in Washington, DC on June 24, 2016.PHOTO: BLOOMBERG

WASHINGTON (REUTERS) – International Monetary Fund managing director Christine  Lagarde on Friday called for“clarity” on the negotiations over the terms of Britain’s exit from the European Union.

Lagarde, speaking at an IMF lecture with China’s top central banker, said she hoped for “as smooth a transition as possible” for the new UK-EU relationship.

“We take note of the decision by the people of the United Kingdom,” Lagarde said in a statement.

“We urge the authorities in the UK and Europe to work collaboratively to ensure a smooth transition to a new economic relationship between the UK and the EU, including by clarifying the procedures and broad objectives that will guide the process.”

“We strongly support commitments of the Bank of England and the ECB to supply liquidity to the banking system and curtail excess financial volatility. We will continue to monitor developments closely and stand ready to support our members as needed.” Lagarde added.