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Former Brazilian main lender to head IMF’s Western Hemisphere dept By Reuters

© Reuters. SUBMIT PICTURE: Brazil’s Central Bank President Ilan Goldfajn speaks throughout an interview with Reuters in Brasilia, Brazil, Jan. 22, 2019. REUTERS/Ueslei Marcelino/File Photo

New York City (Reuters) – Former Brazilian reserve bank chief Ilan Goldfajn will end up being the head of the International Monetary Fund’s Western Hemisphere department beginning next year, the IMF’s director revealed on Monday.

“I am delighted that Ilan will join our team as the new (Western Hemisphere) Director,” Kristalina Georgieva, the IMF’s handling director, stated in a declaration.

“His tested performance history as a policymaker, communicator, in addition to his depth of understanding as a worldwide financing executive and his familiarity with the Fund’s work will be vital in assisting our member nations in the area,” Ms. Georgieva specified.

Goldfajn, 55, will take control of on Jan. 3, 2022, and change Alejandro Werner of Mexico, who left on Aug. 31. Nigel Chalk, the department’s deputy director, will continue to manage the area on an interim basis up until then.

An Israel-born Brazilian, Goldfajn worked as a financial expert at the IMF from 1996 to 1999, and was the president of Brazil’s reserve bank from May 2016 to February 2019. His experience in the economic sector consists of being primary economic expert of Itaú Unibanco and most just recently chairman of Credit Suisse (6:) Brazil’s Advisory Board.

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