International Monetary Fund Managing Director Kristalina Georgieva on Thursday nominated U.S. Treasury official Geoffrey Okamoto as her top deputy, replacing longtime economist David Lipton in the key policy role.
The appointment, which was backed by U.S. Treasury Secretary Steven Mnuchin, is subject to approval by the IMF's Executive Board, the Fund said.
Okamaoto, 35, currently serves as Treasury's acting assistant secretary for international finance and development, where he coordinates U.S. participation in the G7, the G20 and the Financial Stability Board and oversees U.S. interaction with the IMF, the World Bank and other institutions.
