Gustavo Adler  is a Deputy Division Chief at IMF's Research Department. He joined the IMF in 2004 and, since then, has worked in multiple areas, including surveillance and program cases (Chile, Romania, Uruguay, Turkey, Indonesia), development of IMF credit facilities, review of IMF programs, analytical work for Western Hemisphere's Regional Economic Outlook, etc. Recently, at the Research Department, his work has focused on foreign exchange intervention, exchange rates, capital flows and external adjustment. He currently co-leads the production of the External Sector Report on global imbalances.