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2w ago

IMF Taps Chile’s Rodrigo Valdés to Lead Fiscal Affairs Department

It marks the IMF’s first appointment of an emerging-market economist to head its global fiscal advisory arm.

Rodrigo Valdés, en una charla en el marco de las Sesiones de Primavera del Fondo Monetario Internacional.
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Overview

  • Rodrigo Valdés will assume leadership of the IMF’s Fiscal Affairs Department on October 27, 2025, succeeding Vitor Gaspar.
  • Managing Director Kristalina Georgieva highlighted his political insight and regional expertise as vital at a time of global economic uncertainty.
  • The reassignment follows Valdés’s removal from Argentina debt negotiations in September 2024 after public clashes with President Javier Milei.
  • By moving him out of Latin America affairs, the IMF aims to remove a key point of friction in its dealings with Argentina.
  • Valdés served as Chile’s finance minister from 2015 to 2017 and has directed the IMF’s Western Hemisphere Department since May 2023.