September 30, 2020

Georgieva dismisses the “number two” of the IMF



The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, announced Friday the dismissal of her second in command in the multilateral credit agency, the deputy managing director David Lipton, who will leave his post at the end of the month, after almost nine Years in the position.

The IMF said in a statement that the dismissal of Lipton, which will be replaced by a substitute whose search will begin “shortly”, occurs “in the context of the changes” that the Bulgarian Georgieva, who has been head of the Fund since September of the Last year, “will do in the leadership team” of the institution.

Lipton, who was the first deputy managing director of the IMF since September 2011, has been the agency official who has held that position for the longest time.

Among his responsibilities, according to the IMF, was the organization’s strategy, policy development, multilateral and national surveillance, as well as loan projects, and among the programs he led was the early warning of the Fund, which performs twice a year at the annual meeting and at the organism’s spring meeting.

Lipton, who was deputy secretary of the US Treasury Between 1993 and 1998, “he has provided an invaluable service to the partners of the Fund and the global economy in general with his outstanding experience and economic experience,” said Georgieva, who thanked him for “everything he has done for the Fund and the people which we serve. “

The IMF also announced the dismissal of the administrative director and deputy managing director, the Italian-Italian Carla Grasso, who will also leave her post at the end of the month in the same context of changes in the institution’s headquarters.

Grasso was in charge of the supervision and coordination of the IMF budget, human resources, information technology, and internal audits, and the search for replacement has not yet begun, according to the agency.

The official joined the IMF in February 2015 after having worked in the private sector, specifically in Vale S.A., one of the largest mining companies in the world, where she was responsible for human resources.

Georgieva, who was vice president of the European Commission between 2014 and 2016 and held the position of CEO of the World Bank (WB) since 2017, was appointed as head of the IMF headquarters last September after being the only candidate for the position , after being nominated by the European Union.

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