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Home People Appointments

Geoffrey Okamoto to join IMF as First Deputy Managing Director, replacing Lipton

Chidinma Nwagbara by Chidinma Nwagbara
March 13, 2020
in Appointments, Business News, Diaspora
Geoffrey Okamoto to join IMF as First Deputy Managing Director, replacing Lipton
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Geoffrey Okamoto is set to join the International Monetary Fund (IMF) as its Deputy Managing Director following the proposal of the global lender’s Managing Director, Kristalina Georgieva.

The appointment, which is subject to approval by the IMF’s Executive Board, will reportedly take effect on March 30, 2020.

IMF moves to replace first Deputy MD, David Lipton 
David Lipton

Okamoto, who currently serves as the US Acting Assistant Treasury Secretary, replaces David Lipton, former first Deputy MD who stepped down last month.

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While announcing her decision, the IMF boss said that having known Okamoto from his time leading U.S. Treasury’s engagement with the IMF and the World Bank, and representing the U.S. internationally, she had no doubt that he is capable. She added that Okamoto believes strongly in the Fund’s mission and is committed to helping it serve its members.

[READ MORE: IMF moves to replace first Deputy MD, David Lipton)

Okamoto’s profile: Okamoto has previously worked as the U.S. Treasury’s Acting Under Secretary for International Affairs. He has also led the Treasury Department’s negotiations on trade with China, resulting in a Phase I agreement signed in January 2020. He negotiated successful replenishments to MDB concessional windows and the Global Environment Facility, as well as helping to establish the Women Entrepreneur’s Finance Initiative (We-Fi).

Prior to joining the U.S. Treasury Department, Okamoto worked in the U.S. Senate, where he served as the Majority Staff Director for the Senate Banking Subcommittee on Financial Institutions. He was also the Policy Director for the House Financial Services Subcommittee on Monetary Policy and Trade. Earlier in his career, he was a consultant with KPMG, advising financial institutions on risk management and internal controls.

Nigeria will enjoy foreign investments before December, IMF predicts, IMF, World Bank to hold meetings via conference call over Coronavirus epidemic

Okamoto was the Chairman of the Board for Georgetown University’s McCourt School of Public Policy, an Atlantik-Brücke Young Leader, a Member of the Council on Foreign Relations Congressional Study Group, and a guest lecturer at Georgetown on financial stability and international economics.

He holds a Master of Public Policy from Georgetown University with a concentration in banking, fiscal, and monetary affairs as well as a Bachelor of Science from California State Polytechnic University. He also studied at Corpus Christi College, Oxford.


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Tags: David LiptonGeoffrey OkamotoKristalina Georgieva
Chidinma Nwagbara

Chidinma Nwagbara

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - chidinma.nwagbara@nairametrics.ng

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