Press Release: IMF Managing Director Horst Köhler Proposes Appointment of Mexico's Deputy Secretary of Finance Agustín Carstens as Deputy Managing Director of the IMF

May 29, 2003

Horst Köhler, Managing Director of the International Monetary Fund (IMF) today proposed the appointment of Mexico's Deputy Secretary of Finance, Agustín Carstens, to the position of Deputy Managing Director of the IMF. He will succeed Eduardo Aninat, who had earlier announced his decision to leave the IMF in June 2003 (See Press Release No. 03/30, March 7, 2003).

Announcing the proposed appointment, Mr.Köhler said: "I and my management colleagues - Anne Krueger and Shigemitsu Sugisaki - look forward to Agustín Carstens joining the management team at the IMF. With his extensive experience as a central banker and at Mexico's Ministry of Finance, as well as in the international policymaking arena, Agustín will build upon the distinguished contribution of his predecessor Eduardo Aninat."

Mr. Carstens assumed his present position in December 2000, where he has been responsible for economic policymaking at the national level, for managing Mexico's external and internal debt, and for financial sector supervision and legislation. He has been a key interlocutor on behalf of the government with the Mexican parliament.

In 1999-2000, Mr. Carstens served as an Executive Director at the IMF (representing Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain and Venezuela), after a distinguished career at the Banco de México (central bank), where his positions included those of Director General, Economic Research and Chief of Staff in the Governor's office. In addition, he has been an organizer of the United Nations Conference on Financing for Development in Monterrey and of meetings of the Group of 20, and has served as Alternate Governor for Mexico at the InterAmerican Development Bank and the World Bank.

Mr. Carstens, 44, holds a B.A. in Economics from the Instituto Tecnológico Autónomo de México (ITAM) and a Ph.D in Economics from the University of Chicago. Mr. Carstens is married to Catherine Mansell.

The appointment of Mr. Carstens, which is to a five-year term, requires the approval of the IMF's Executive Board, which is expected shortly.


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