Dominique Strauss-Kahn was denied bail at a hearing on Monday International Monetary Fund chief Dominique Strauss-Kahn has resigned following allegations he sexually assaulted a hotel maid in New York.
In a statement, Mr Strauss-Kahn - who is being held in Rikers Island prison - said he wanted to "devote all my strength... to proving my innocence."Mr Strauss-Kahn will make a fresh application for bail later on Thursday.
Whether his successor comes from the developed or developing world will be a topic of hot debate, analysts say.
In the statement, Mr Strauss-Kahn said it was with "infinite sadness" that he tendered his resignation.
"I think at this time first of my wife - whom I love more than anything - of my children, of my family, of my friends. I think also of my colleagues at the Fund."
He said he denied "with the greatest possible firmness" all of the allegations against him, but said he wanted to protect the IMF.
The IMF said it would release information "in the near future" about appointing a successor.
The organisation's deputy, John Lipsky, has been in interim control of the IMF since Mr Strauss-Kahn's arrest on Saturday. Continued
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