Press Release No. 22/402

IMF Managing Director Kristalina Georgieva congratulates Ilan Goldfajn on his appointment as President of the Inter-American Development Bank (IDB)

November 21, 2022

Washington, DC: International Monetary Fund (IMF) Managing Director Kristalina Georgieva congratulated Ilan Goldfajn on his appointment as President of the Inter-American Development Bank.

“We are proud of Ilan, and while sad to bid him farewell, we are excited to see him at the helm of the most important development institution for the region he calls home. We wish him every success in his new role,” Ms. Georgieva said.

Mr. Goldfajn had relinquished his responsibilities as the Director of the IMF’s Western Hemisphere Department (WHD) on October 24 after the Brazilian authorities nominated him to run for the presidency of the IDB. In light of his election on Sunday, Ilan Mr. Goldfajn resigned his position at the IMF, effective November 21.

Ilan’s leadership was instrumental in helping countries in Latin America implement IMF-supported programs to tackle the impacts of unprecedented compounding challenges. llan has also been instrumental in shaping our policy dialogue on climate change in the region, which has resulted in the first Resilience and Sustainability Facility —a foundation on which I hope we will continue to build upon,” Kristalina Georgieva said. “We look forward to working with Ilan in his new role at the IDB on fostering sustainable, inclusive, and resilient growth in Latin America and the Caribbean.”

The search for Mr. Goldfajn’s successor will begin immediately.