You are here

IMF chief to reappoint David Lipton as principal deputy

Monday, March 28, 2016 - 23:34

[WASHINGTON] International Monetary Fund Managing Director Christine Lagarde on Monday announced her intention to reappoint David Lipton as the Fund's first deputy managing director to a new five-year term starting Sept 1.

The decision is subject to approval by the IMF's executive board. Lipton, an American, was an economic adviser to President Barack Obama before joining the IMF in 2011, shortly after Lagarde took over as managing director.

"David has demonstrated over the last five years his excellent policy-making acumen, a drive toward innovation, a highly developed set of communication and negotiating skills, and invaluable appreciation of IMF policies and procedures," Lagarde said in a statement.

Lipton also has worked as Citigroup Inc's head of global country risk management and in the US Treasury Department during the Clinton administration.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom