International Monetary Fund Managing Director Kristalina Georgieva on Friday mad...
FILE PHOTO: International Monetary Fund Acting Managing Director David Lipton attends a news conference after a meeting at the Chancellery in Berlin, Germany October 1, 2019. REUTERS/Hannibal Hanschke
The IMF said Lipton’s departure as first deputy managing director was “in the context of changes she will be making to the leadership team.” Often critical of U.S. President Donald Trump’s trade policies and tariff actions, Lipton began his professional career as an economist at the IMF in 1981, working to help stabilize poor countries. He also served as the U.S. Treasury’s undersecretary for international affairs from 1993 to 1998 under President Bill Clinton and later worked in private sector finance.
Georgieva praised Lipton’s “outstanding economic experience and expertise” and said his policy maker’s perspective had improved the rigor of the IMF’s analytical work.
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