IMF Amid Scandal Turns to Lipsky as Greece Talks Persist

The International Monetary Fund turned to John Lipsky when it was ordered to develop an early-warning system to prevent a repeat of the 2008 financial meltdown. Now, the IMF is calling on him to guide it through its own crisis.

Lipsky, 64, was named acting managing director yesterday after the fund’s chief, Dominique Strauss-Kahn, was charged with attempted rape and a criminal sex act on a New York hotel maid. Lipsky, who has been first deputy managing director since 2006, takes temporary leadership of the Washington-based IMF as it tries to stem the European sovereign-debt crisis and deal with Greece’s request for a bigger financial lifeline.