Africa gets new IMF Director

Africa gets new IMF Director
September 16 13:22 2016

The Managing Director of the International Monetary Fund (IMF), Christine 
Lagarde, has named a director in charge of African Department for the Fund.

The new director named on Thursday is Abebe Aemro Selassie, who
 succeeds Antoinette Sayeh.

Selassie is expected to assume
 work in his new capacity on
 September 19, 2016.

“Abe brings a profound
 understanding of the challenges 
facing Africa, having worked
 closely with policy makers from
 across the region for much of his
 career.

“His proven ability to provide 
intellectual leadership, track
 record of building collaborative
 relationships, analytical depth, 
and warm collegiality make him 
ideally placed to lead the IMF’s
 work with our membership in 
sub-Saharan Africa” the IMF statement read in part.

Ms. Lagarde said having had the
 opportunity to work with 
Selassie over the last five years,
 she had been struck by his sound
 judgement, integrity, and
 commitment to teamwork.

Selassie’s career has spanned 
the private sector, government,
 and the IMF.

During his time in 
the IMF’s African Department, he
 was senior resident representative 
in Uganda, served as mission chief 
for South Africa, led work on the
Regional Economic Outlook, and
 worked in various roles on
countries ranging from Cote 
D’Ivoire, Ghana, and Kenya, to 
Burkina Faso, Guinea, Liberia,
 and Sierra Leone.

The Ethiopian 
oversaw the IMF’s effort to assist
 the three Ebola-stricken countries.
 Mr. Selassie also brings extensive operational
 and policy experience from his assignments in 
other IMF departments, including the
 Strategy, Policy and Review Department and 
the European Department.

He worked on Turkey and Poland between 
1999 and 2003, and was Assistant Director and
 mission chief for Portugal during the
 Eurozone crisis.

He has also worked on low-income country
 and emerging-market program and policy
 design issues.

Before joining the IMF,  Selassie worked
 for the Economist Intelligence Unit,
 specializing in sovereign credit risk issues,
 and then for the Ethiopian government as
Principal Economist in the Office of the
 President.

He holds a Bachelor of Arts degree in
 Economics from City of London Polytechnic 
and a Masters in Economic History from
 London School of Economics.

“The IMF remains deeply committed to 
serving our members in Africa. Abe will bring 
a unique blend of extensive knowledge and 
experience to his new position as Director of 
the African Department,” the statement further said.