Current Affairs - Persons - Discussion

Daniel Katz, a senior U.S. Treasury official and Chief of Staff to Treasury Secretary Scott Bessent, has been nominated by IMF Managing Director Kristalina Georgieva as the next First Deputy Managing Director, the second-highest position at the IMF. If approved by the IMF Executive Board, his appointment will take effect on October 6, 2025. Katz brings over a decade of experience in domestic and international economic policy, including work on U.S.-China trade, financial stability, and coordination with multilateral institutions like the IMF and World Bank. His nomination follows Gita Gopinath’s departure and reflects strategic leadership continuity in global finance.