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3w ago

IMF Names Nigel Chalk to Lead Western Hemisphere Department Effective Oct. 27

The reshuffle signals an effort to steady IMF oversight of Argentina’s $20 billion program after earlier frictions.

Nigel Chalk incoming Director of the Western Hemisphere Department (WHD) at the International Monetary Fund in Washington, DC, on September 17, 2025. IMF Photo/Nicholas Karlin
Nigel Chalk, nuevo jefe del FMI para el Hemisferio.
La directora gerente del Fondo Monetario Internacional, Kristalina Georgieva.
El economista británico seguirá de cerca los programas del FMI con la Argentina

Overview

  • Nigel Chalk will take over the Western Hemisphere Department on October 27, replacing Rodrigo Valdés, who becomes director of the IMF’s Fiscal Affairs Department the same day.
  • Chalk has served as deputy director of the department since 2014 and has long supervised IMF work on Argentina, including prior lending programs and surveillance.
  • As department head, Chalk will be among the officials directing negotiations and review missions tied to Argentina’s current IMF arrangement.
  • IMF communications highlighted recent contacts with Economy Minister Luis Caputo and confirmed staff awareness of Argentina’s temporary foreign‑exchange interventions.
  • Managing Director Kristalina Georgieva also proposed U.S. Treasury official Daniel Katz as first deputy managing director, pending board approval, underscoring broader senior‑level changes.