Press Release No. 14/79

Press Release: IMF Managing Director Christine Lagarde Names Vitor Gaspar as Director of the Fund’s Fiscal Affairs Department

February 28, 2014

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today named Mr. Vitor Gaspar to the position of Director, Fiscal Affairs Department. His appointment is expected to be effective in early June. Mr. Gaspar will succeed Mr. Carlo Cottarelli, who resigned from the IMF last year.

“Mr. Gaspar brings with him impressive management credentials and a formidable record of public policy experience at the European and national levels,” Ms. Lagarde stated. “My management team and I look forward to working with Mr. Gaspar on public finance matters and in providing vital fiscal policy advice to our member countries.”

“Mr. Gaspar, a Portuguese national, has held a variety of senior policy positions in Banco de Portugal, including most recently as Special Adviser. He served as Minister of State and Finance of Portugal during 2011-2013. He was acting director-general of the European Commission’s Bureau of European Policy Advisers during 2007-2010 and director-general of general research at the European Central Bank from 1998-2004.

“Mr. Gaspar holds a Ph.D and a post-doctoral agregado in Economics from Universidade Nova de Lisboa; he also studied at Universidade Católica Portuguesa.”