Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has proposed Daniel Katz, chief of staff to U.S. Treasury Secretary Scott Bessent, as the new first deputy managing director. This crucial appointment, considered the IMF’s number two leadership post, is slated to become effective on October 6, pending approval from the IMF’s Executive Board.

• The proposed appointment of Daniel Katz is for the significant role of first deputy managing director at the IMF.
• Katz currently serves as chief of staff to U.S. Treasury Secretary Scott Bessent and has a decade-long association with the Treasury Department.
• This announcement follows the departure of Gita Gopinath from the same position at the end of August.