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MIL OSI Translation. Government of the Republic of France statements from French to English

Source: MFIS in French

on February 7, 2020

Kristalina Georgieva, the director general of the international monetary Fund (IMF), announced Friday that David Lipton, first deputy managing director, would leave the IMF at the end of the month of February in the framework of the changes it will bring to the management team. Mr. Lipton is the most former IMF deputy managing director, a position he has held since September 2011.

Mr. Lipton was in charge of various issues related to the development of strategies, policy development, monitoring, multilateral and national, and loan programs. He has led several key initiatives, including the early warning exercise of the IMF, which takes place twice a year during the annual and spring meetings to highlight current and future challenges faced by the leaders, the evaluation device of the foreign balance and the report on the external sector, associated with which are evaluated the external positions and exchange rates of the countries, as well as new work on the integrated framework of actions, that allows you to examine the best way in which the instruments of economic policy can complement and aims to strengthen the oversight and effectiveness of the IMF.

Ms. Georgieva has praised the “dynamism of intellectual and innovative ideas,” Mr. Lipton, and said that he inspired “a great respect in the 189 member countries of the IMF” as well as within the services of the institution. She added :

“In his capacity of first deputy director general for the past nine years (in fact, he is the oldest deputy managing director, IMF), David has served with a dedication unparalleled in the member countries of the IMF and the global economy in general, thanks to its experience and its expertise in the economic field. The list of its achievements, the IMF is long. To make it simple, I would say that the efforts by David to enhance the rigour of the analytical work of the institution and its ability to take into account the point of view of the officers are without equal. I thank him for everything he has done for the IMF and the countries in which we operate. “

“Kristalina and I worked closely together when she was at the world Bank and I have had the pleasure, during my tenure as director general ad interim, and during the months that followed, the help to succeed in its transition to the IMF,” said Mr. Lipton. “I believe in the mission of the IMF. It was an honor for me to work here, first for eight years at the beginning of my professional career, in 1981, and then as first deputy general director since 2011. The IMF is an institution invaluable to its members and to the world economy as a whole, and I am happy to have served for so long. “

Mr. Lipton, a us national, began his career as a young economist at the IMF, where he worked for eight years on issues related to economic stabilisation in emerging countries and poor countries. From 1989 to 1992, he teamed up with Jeffrey Sachs, then a professor at Harvard university, in the quality of economic advisors to the Russian authorities, Polish, and slovenian during their transition to capitalism.

He has worked for the Treasury department of the United States from 1993 to 1998. As assistant secretary, then undersecretary of the Treasury for international affairs, Mr. Lipton has been part of the team that orchestrated the response to the asian financial crisis and the efforts to modernize the international financial architecture.

Previously, Mr. Lipton had worked five years for the company’s Moore Capital Management and was managing director from Citi, where he led the division responsible for the management of global risks. Before joining again the IMF, he was special assistant to the President of the United States and had held the positions of senior director of economic affairs international at the national economic Council and the national security Council at the White House. He had also held a number of functions within the bodies the Woodrow Wilson Center of Scholars and the Carnegie Endowment for International Peace.

The process of selection of the person who will succeed Mr. Lipton will begin shortly.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure is not be perfect.

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