Patrizia Tumbarello
Last Updated: May 29, 2024
Patrizia Tumbarello is Assistant Director, Mission Chief for Haiti, and Division Chief of the Caribbean III division in the Western Hemisphere Department (WHD) at the IMF. She is also the coordinator of capacity development (technical assistance and training) provided to WHD countries, WHD coordinator of the work of Fragile and Conflict-Affected States and of low-income countries. Previously she was the Chief of the Strategy, Standards, and Review Division—the surveillance division of the Statistics Department (STA), with purview of Article IV and Article VIII issues, leading the policy and operational work of the “Data Standards Initiatives” at the IMF (e-GDDS, SDDS, and SDDS plus), within and outside the institution; Review of the Policy Framework "Data Provision to the Fund for Surveillance Purposes" which facilitate the provision and dissemination of data for surveillance by member countries, in collaboration with the Strategy, Policy and Review Department (SPR) and the Legal Department (LEG); and “Third-Party Indicators” policy, with SPR. While in STA she was also responsible for STA Review of Fund's Policy and Country documents. She led the data standards missions to the UK (SDDS Plus), Saudi Arabia (SDDS), and to Angola (e-GDDS). Before joining STA, she was the Unit Chief of the Pacific Islands/Small States Unit in APD coordinating all the work of 12 small states in the Pacific. She advocated for the macro-criticality of climate change in IMF work to enhance resilience in small states already starting in 2009/2010, organizing high-level conferences with management and senior leaders’ participation, leading analysis, developing training for mission chiefs, co-leading Board papers and proposing in 2016, with WHD and SPR the introduction of Climate Change Policy Assessments, endorsed by the Board in 2016, and launched in 2017. During her tenure as mission chief for the Solomon Islands during 2011-16, she negotiated successfully and completed all reviews of the ECF and Standby Arrangements. She also conducted three Article IV consultations. She also advocated for regional and multilateral solutions to tackle the challenges Solomon Islands, a complex fragile state and more in general the Pacific islands, faced from a financial stability perspective, due to the loss of corresponding banking relationships (CBRs), meeting with the FED and key development partners, working closely with the WB and ADB. Her previous assignments included senior desk work on Australia (G20), low-income countries (Moldova, The Gambia), including few Pacific Islands (Kiribati, Papua New Guinea, and Samoa), EMs (Albania, Algeria, Morocco, and Vietnam), accumulating experience on a wide range of countries (surveillance, G20, program, small, fragile, LICs, and EMs). She also worked for five years in SPR on trade policy, multilateral surveillance, and DSA framework. Her research papers have focused on enhancing macroeconomic resilience to climate change, challenges faced by low-income-countries and fragile states in dealing with loss of CBR, on fiscal frameworks, trade integration, corporate, banks’, and households balance sheet’s vulnerabilities, and more recently on big data, on data transparency and governance, and on measuring the impact of digitalization and the pandemic on inequality. While in STA, she led the IMF work of the first Strategy on Data and Statistics at the Fund endorsed by the Board in 2018 managing a Fund wide Taskforce of 40 members, liaising with many external stakeholders and organizing the first data Hackathon at the Fund, which included also Google, Bloomberg, Haver, IFIs, and academia. The Data Strategy introduced transformational changes in the data governance within the IMF, by giving the statistics department primary responsibility for data management, and mainstreamed the use of big data at the IMF.
Email: PTUMBARELLO@imf.org
Fluent In: French, Italian, Spanish.
Education:
2000: Ph.D., Economics and Finance, Università di Roma Tor Vergata
1996-97: Harvard University, Special Student, Department of Economics
1995: Post master level degree: Economics of Financial and Capital markets, Received a certificate with distinction.
1994: M.A., Economics, Coripe Piemonte, Turin, Italy,
1992: Laurea Summa Cum Laude, Università di Roma La Sapienza
Referee Activities:
Journal of Economic Integration
Current Position:
Division Chief for the Caribbean III Division and Mission Chief to Haiti
Country work or Mission Assignment:
Assistant Director, Mission Chief for Haiti, and Division Chief of Caribbean III, WHD
SDDS Plus Mission Chief for the UK, 2021-22, STA
SDDS Mission Chief for Saudi Arabia, 2017-19, STA
e-GDDS Mission Chief for Angola, 2018, STA
Solomon Islands Mission Chief, 2011-16, APD
Australia, 2009-11, Senior desk APD
Kiribati Mission Chief, 2010-11, APD
Samoa, July 2009-January 2010, Senior desk APD
Papua New Guinea, 2008-09, Senior desk, APD
Vietnam, 2006-08, Economist APD
The Gambia, 12/2004-6/2005, SPR (Ex post assessment)
Albania, 2003-05, SPR economist
Moldova, 2000-02, SPR economist
Morocco, 1999-2000, EP, MCD
Algeria, 6/1999-12/1999, EP MCD
Teaching:
Teaching assistant, Universita' di Roma Tor Vergata, Macroeconomics, Prof. Nicola Rossi
IMF Career:
October 2022-Present, Mission Chief for Haiti, Western Hemisphere Department
September 2016-22, Division Chief, Strategy, Standards and Review Division, Statistics Department
August 2011-16: Unit Chief, Small States Unit, Mission Chief for Solomon Islands, Asia and Pacific Department
February 2009–July 2011, Senior Desk Economist for Australia, Asia and Pacific Department
December 2009-July 2011, Mission Chief for Kiribati, Asia and Pacific Department
March 2008–March 2009, Senior Desk Economist for Papua New Guinea, Asia and Pacific Department
June 2005–February 2008: Vietnam Desk Economist, Asia and Pacific Department
2000-May 2005: Economist, Trade Policy Division, Policy Development and Review Department
1999: Economist Program, Desk for Algeria and Morocco, Middle Eastern Department
Others:
Ph.d.: Does the Equity Premium Matter? Social Security Reform Under Uncertainty
M.A.: The 1992-93 European Financial Crisis: The Role of Rational Expectations in Financial Markets
Laurea: The Monetary Policy of British India, 1852-1931, in Italian
Prof. Dale Jorgenson (djorgenson@harvard.edu)
Field of Expertise:
Development Economics
Poverty and Inequality
Open Economy Macroeconomics
Macro-Financial Issues
International Trade
IMF Books and Working Papers:
Big Data on Vessel Traffic: Nowcasting Trade Flows in Real Time , Working Paper No. 19/275 , December 13, 2019
Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States , Working Paper No. 15/124 , June 19, 2015
Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific , Working Paper No. 15/125 , June 19, 2015
Resilience and Growth in the Small States of the Pacific , Working Paper No. 13/123 , May 22, 2013
Global and Regional Spillovers to Pacific Island Countries , Working Paper No. 12/154 , June 01, 2012
What Drives House Prices in Australia? A Cross-Country Approach , Working Paper No. 10/291 , December 01, 2010
Australian Bank and Corporate Sector Vulnerabilities--An International Perspective , Working Paper No. 09/223 , October 01, 2009
Are Regional Trade Agreements in Asia Stumbling or Building Blocks? Some Implications for the Mekong-3 Countries , Working Paper No. 07/53 , March 01, 2007
Regional Trade Integration and WTO Accession: Which is the Right Sequencing? An Application to the CIS , Working Paper No. 05/94 , May 01, 2005
IMF Country Reports
Solomon Islands: Fourth Review Under the Extended Credit Facility Arrangement.
Australia: Staff Report for the 2011 Article IV Consultation
Fiscal Policy in Commodity Exporting Countries, Box 1.8 APD, 2010, Regional Economic Outlook
"Regional Trade Integration in Asia", Box 2, Asia and Pacific Regional Update, January 2006
The Gambia: Ex Post Assessment of Longer-Term Program Engagement
IMF Occasional Papers, Pamphlets, and Special Issues Papers
Australia: Households Vulnerabilities, with Ben Hunt
What Drives Inflation in Vietnam? A Regional Approach, Chapter 1
IMF Survey Articles
IMF Survey: Australian, New Zealand Banks Remain Sound During Global Crisis
IMF Survey: High Food, Fuel Prices a Threat Where Protection Limited
IMF Survey: Noodle Bowl' Risk of Trade Pact Overlap
IMF Survey: Joining WTO Will Boost Vietnam's Economy
Regional Integration and WTO Accession: What's the Right Sequencing for the CIS? September 2005
Other Published Materials
What Do Ship Movements Tell us About International Trade? A Big Data Story
Books
Other Published Materials
The Italian Pension Reform: A Case for Notional Accounts, Mimeo, 1997, Harvard University.
Pro-cyclicality of Maastrich Fiscal Criteria: A Critique, 1995, Università di Roma La Sapienza
Patrizia Tumbarello is Assistant Director, Mission Chief for Haiti, and Division Chief of the Caribbean III division in the Western Hemisphere Department (WHD) at the IMF. She is also the coordinator of capacity development (technical assistance and training) provided to WHD countries, WHD coordinator of the work of Fragile and Conflict-Affected States and of low-income countries. Previously she was the Chief of the Strategy, Standards, and Review Division—the surveillance division of the Statistics Department (STA), with purview of Article IV and Article VIII issues, leading the policy and operational work of the “Data Standards Initiatives” at the IMF (e-GDDS, SDDS, and SDDS plus), within and outside the institution; Review of the Policy Framework "Data Provision to the Fund for Surveillance Purposes" which facilitate the provision and dissemination of data for surveillance by member countries, in collaboration with the Strategy, Policy and Review Department (SPR) and the Legal Department (LEG); and “Third-Party Indicators” policy, with SPR. While in STA she was also responsible for STA Review of Fund's Policy and Country documents. She led the data standards missions to the UK (SDDS Plus), Saudi Arabia (SDDS), and to Angola (e-GDDS). Before joining STA, she was the Unit Chief of the Pacific Islands/Small States Unit in APD coordinating all the work of 12 small states in the Pacific. She advocated for the macro-criticality of climate change in IMF work to enhance resilience in small states already starting in 2009/2010, organizing high-level conferences with management and senior leaders’ participation, leading analysis, developing training for mission chiefs, co-leading Board papers and proposing in 2016, with WHD and SPR the introduction of Climate Change Policy Assessments, endorsed by the Board in 2016, and launched in 2017. During her tenure as mission chief for the Solomon Islands during 2011-16, she negotiated successfully and completed all reviews of the ECF and Standby Arrangements. She also conducted three Article IV consultations. She also advocated for regional and multilateral solutions to tackle the challenges Solomon Islands, a complex fragile state and more in general the Pacific islands, faced from a financial stability perspective, due to the loss of corresponding banking relationships (CBRs), meeting with the FED and key development partners, working closely with the WB and ADB. Her previous assignments included senior desk work on Australia (G20), low-income countries (Moldova, The Gambia), including few Pacific Islands (Kiribati, Papua New Guinea, and Samoa), EMs (Albania, Algeria, Morocco, and Vietnam), accumulating experience on a wide range of countries (surveillance, G20, program, small, fragile, LICs, and EMs). She also worked for five years in SPR on trade policy, multilateral surveillance, and DSA framework. Her research papers have focused on enhancing macroeconomic resilience to climate change, challenges faced by low-income-countries and fragile states in dealing with loss of CBR, on fiscal frameworks, trade integration, corporate, banks’, and households balance sheet’s vulnerabilities, and more recently on big data, on data transparency and governance, and on measuring the impact of digitalization and the pandemic on inequality. While in STA, she led the IMF work of the first Strategy on Data and Statistics at the Fund endorsed by the Board in 2018 managing a Fund wide Taskforce of 40 members, liaising with many external stakeholders and organizing the first data Hackathon at the Fund, which included also Google, Bloomberg, Haver, IFIs, and academia. The Data Strategy introduced transformational changes in the data governance within the IMF, by giving the statistics department primary responsibility for data management, and mainstreamed the use of big data at the IMF.
Email: PTUMBARELLO@imf.org
Fluent In: French, Italian, Spanish.
Education:
2000: Ph.D., Economics and Finance, Università di Roma Tor Vergata
1996-97: Harvard University, Special Student, Department of Economics
1995: Post master level degree: Economics of Financial and Capital markets, Received a certificate with distinction.
1994: M.A., Economics, Coripe Piemonte, Turin, Italy,
1992: Laurea Summa Cum Laude, Università di Roma La Sapienza
Referee Activities:
Journal of Economic Integration
Current Position:
Division Chief for the Caribbean III Division and Mission Chief to Haiti
Country work or Mission Assignment:
Assistant Director, Mission Chief for Haiti, and Division Chief of Caribbean III, WHD
SDDS Plus Mission Chief for the UK, 2021-22, STA
SDDS Mission Chief for Saudi Arabia, 2017-19, STA
e-GDDS Mission Chief for Angola, 2018, STA
Solomon Islands Mission Chief, 2011-16, APD
Australia, 2009-11, Senior desk APD
Kiribati Mission Chief, 2010-11, APD
Samoa, July 2009-January 2010, Senior desk APD
Papua New Guinea, 2008-09, Senior desk, APD
Vietnam, 2006-08, Economist APD
The Gambia, 12/2004-6/2005, SPR (Ex post assessment)
Albania, 2003-05, SPR economist
Moldova, 2000-02, SPR economist
Morocco, 1999-2000, EP, MCD
Algeria, 6/1999-12/1999, EP MCD
Teaching:
Teaching assistant, Universita' di Roma Tor Vergata, Macroeconomics, Prof. Nicola Rossi
IMF Career:
October 2022-Present, Mission Chief for Haiti, Western Hemisphere Department
September 2016-22, Division Chief, Strategy, Standards and Review Division, Statistics Department
August 2011-16: Unit Chief, Small States Unit, Mission Chief for Solomon Islands, Asia and Pacific Department
February 2009–July 2011, Senior Desk Economist for Australia, Asia and Pacific Department
December 2009-July 2011, Mission Chief for Kiribati, Asia and Pacific Department
March 2008–March 2009, Senior Desk Economist for Papua New Guinea, Asia and Pacific Department
June 2005–February 2008: Vietnam Desk Economist, Asia and Pacific Department
2000-May 2005: Economist, Trade Policy Division, Policy Development and Review Department
1999: Economist Program, Desk for Algeria and Morocco, Middle Eastern Department
Others:
Ph.d.: Does the Equity Premium Matter? Social Security Reform Under Uncertainty
M.A.: The 1992-93 European Financial Crisis: The Role of Rational Expectations in Financial Markets
Laurea: The Monetary Policy of British India, 1852-1931, in Italian
Prof. Dale Jorgenson (djorgenson@harvard.edu)
Field of Expertise:
Development Economics
Poverty and Inequality
Open Economy Macroeconomics
Macro-Financial Issues
International Trade
IMF Books and Working Papers:
Big Data on Vessel Traffic: Nowcasting Trade Flows in Real Time , Working Paper No. 19/275 , December 13, 2019
Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States , Working Paper No. 15/124 , June 19, 2015
Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific , Working Paper No. 15/125 , June 19, 2015
Resilience and Growth in the Small States of the Pacific , Working Paper No. 13/123 , May 22, 2013
Global and Regional Spillovers to Pacific Island Countries , Working Paper No. 12/154 , June 01, 2012
What Drives House Prices in Australia? A Cross-Country Approach , Working Paper No. 10/291 , December 01, 2010
Australian Bank and Corporate Sector Vulnerabilities--An International Perspective , Working Paper No. 09/223 , October 01, 2009
Are Regional Trade Agreements in Asia Stumbling or Building Blocks? Some Implications for the Mekong-3 Countries , Working Paper No. 07/53 , March 01, 2007
Regional Trade Integration and WTO Accession: Which is the Right Sequencing? An Application to the CIS , Working Paper No. 05/94 , May 01, 2005
IMF Country Reports
Solomon Islands: Fourth Review Under the Extended Credit Facility Arrangement.
Australia: Staff Report for the 2011 Article IV Consultation
Fiscal Policy in Commodity Exporting Countries, Box 1.8 APD, 2010, Regional Economic Outlook
"Regional Trade Integration in Asia", Box 2, Asia and Pacific Regional Update, January 2006
The Gambia: Ex Post Assessment of Longer-Term Program Engagement
IMF Occasional Papers, Pamphlets, and Special Issues Papers
Australia: Households Vulnerabilities, with Ben Hunt
What Drives Inflation in Vietnam? A Regional Approach, Chapter 1
IMF Survey Articles
IMF Survey: Australian, New Zealand Banks Remain Sound During Global Crisis
IMF Survey: High Food, Fuel Prices a Threat Where Protection Limited
IMF Survey: Noodle Bowl' Risk of Trade Pact Overlap
IMF Survey: Joining WTO Will Boost Vietnam's Economy
Regional Integration and WTO Accession: What's the Right Sequencing for the CIS? September 2005
Other Published Materials
What Do Ship Movements Tell us About International Trade? A Big Data Story
Books
Other Published Materials
The Italian Pension Reform: A Case for Notional Accounts, Mimeo, 1997, Harvard University.
Pro-cyclicality of Maastrich Fiscal Criteria: A Critique, 1995, Università di Roma La Sapienza