IMF begins search for new director as incumbent finance boss retires

The International Monetary Fund says it will begin its search for a replacement for Andrew Tweedie, the Finance Department Director, who will retire from the post on July 31.
A statement issued in Washington D. C. on Tuesday, by the fund said Mr. Tweedie had notified IMF Managing Director, Kristalina Georgieva, of his intention to retire from the fund.
The statement said Mr. Tweedie, a New Zealand national, had been in his current position since May 2008.
It added that he oversaw the mobilisation, management, and control of the fund’s financial resources and advised the management team and the executive board on all aspects of the fund’s financial policies and operations.
He played a key role in the IMF’s quota reform and developing a new income model, the statement noted.
The statement quoted MS. Georgieva as saying Mr. Tweedie’s outstanding knowledge and experience had strengthened the IMF’s role as a trusted partner for its member countries.
“I have highly valued his wise counsel and instrumental contributions, especially in helping the fund adapt and rapidly respond to unprecedented requests by member countries for emergency financing to cope with the COVID-19 crisis.
“He played a pivotal role in the fund’s response to the Global Financial Crisis, including the quadrupling of the fund’s lending capacity, through a doubling of quotas, an expansion of the New Arrangements to Borrow, and several rounds of bilateral borrowing agreements.
“These were critical steps that helped secure the fund’s strong financial position at the centre of the global financial safety net, and he will be dearly missed,” she said.
Mr. Tweedie joined the IMF in 1987 from the Reserve Bank of New Zealand, the statement added.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Two men arraigned over alleged theft, assault
Mr Adosun later adjourned the case until September 29 for hearing.

Hot news Home top
New York: Bank of America executive stabbed to death in Times Square
Ms Tisch described the attack as random and unprovoked.

Abuja
Grandparents Day: Senior citizens seek adequate medical care
Mr Komolafe said the event was organised to highlight the critical role of grandparents in national development.

NationWide
Expert recommends health storytelling for sustainable social change
Mr Nwala said Nigeria already had a diverse SBCC ecosystem

NationWide
Marshals nabbed 300 illegal miners, prosecuted 150, says NSCDC
The spokesperson said officials guilty of wrongdoing were subjected to disciplinary measures.

States
Two Abuja men sentenced to three-month jail term for extortion
The defendants admitted wrongdoing.






