Press Release No. 00/21
March 23, 2000 |
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA |
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IMF Executive Board Selects Horst Köhler as
IMF Managing Director
The Executive Board of the International Monetary Fund (IMF) today agreed
unanimously to select Horst Köhler as Managing Director and Chairman
of the Executive Board of the International Monetary Fund. Mr. Köhler
will succeed Michel Camdessus, who resigned on February 14, 2000.
Mr. Köhler, 57, a national of Germany, is currently President of
the European Bank for Reconstruction and Development, a post to which he
was appointed in September 1998.
Mr. Köhler was President of the German Savings Bank Association
from 1993 to 1998. From 1990 to 1993, he served as Germany's Deputy Minister
of Finance, being responsible for international financial and monetary
relations. During this time, he led negotiations on behalf of the German
government on the agreement that became the Maastricht treaty on European
Economic and Monetary Union, was closely involved in the process of German
unification, and held the position of Deputy Governor for Germany at the
World Bank. He was personal representative ("sherpa") of the Federal Chancellor
in the preparation of the Group of Seven Economic Summits in Houston (1990),
London (1991), Munich (1992) and Tokyo (1993).
Mr. Köhler earned a doctorate in economics and political sciences
from the University of Tübingen, where he was a scientific research
assistant at the Institute for Applied Economic Research from1969 to1976.
After completing his education, he held various positions in Germany's
Ministries of Economics and Finance between 1976 and 1989.
He is married to Eva Köhler and has two children.
IMF EXTERNAL RELATIONS DEPARTMENT
Telephone: 202-623-7300 — Fax: 202-623-6278
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