Dominique Strauss-Kahn Picks Key DfID Official as New IMF Deputy Managing Director

Nemat Shafik, currently the permanent secretary of the U.K. Department for International Development. International Monetary Fund Managing Director Dominique Strauss-Kahn has nominated Shafik as IMF deputy managing director. Photo by: U.K. Department for International Development

International Monetary Fund Managing Director Dominique Strauss-Kahn is tapping a U.K. Department for International Development official as his deputy.

Strauss-Kahn has proposed the appointment of Nemat Shafik as the fund’s deputy managing director, replacing Murilo Portugal, who is leaving IMF to pursue the presidency at the Brazilian Banking Federation.

>> Murilo Portugal Steps Down as IMF Deputy Managing Director

Shafik has been with DfID for seven years, serving as its permanent secretary in the last three.

A national of Egypt, the U.K. and U.S., Shafik was the youngest-ever vice president of the World Bank, where she managed the private sector and infrastructure portfolio of investments, and was part of the International Finance Corp.’s senior management team. 

Read more development aid news.

About the author

  • Dsc05567

    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.