IMF’s Georgieva Formally Proposes Dan Katz as Deputy Managing Director

Overview

• Dan Katz, chief of staff to U.S. Treasury Secretary Scott Bessent, has been put forward to fill the IMF’s second-highest operational role.
• Gita Gopinath’s departure late last month to return to Harvard created the vacancy for the deputy managing director post.
• By tradition the United States selects the Fund’s No. 2, and Katz is widely expected to reflect Bessent’s push to refocus the IMF’s agenda, subject to Board approval.
• Kristalina Georgieva praised Katz’s relationship-building skills, calling them an important asset for the institution.
• Katz’s résumé includes Yale and NYU, work at the Manhattan Institute, a macro hedge fund and Goldman Sachs, advisory service to U.S. forces in Afghanistan, and involvement in U.S. discussions on Ukraine and China.