Press Release No. 17/200

Siddharth Tiwari, Director of the IMF’s Strategy, Policy, and Review Department, Announces Retirement

June 1, 2017

• Siddharth Tiwari, 32-year veteran of IMF, will retire at the end of September
• Tiwari helped Fund navigate Ebola crisis response, introduction of renminbi to SDR basket, and IMF quota reform

Siddharth Tiwari, Director of the Strategy, Policy, and Review Department (SPR) of the International Monetary Fund (IMF), has announced his intention to retire at the end of September this year. Mr. Tiwari has worked at the Fund for 32 years, serving in a wide range of capacities in different departments.

"Siddharth has made an outstanding contribution to the Fund and the membership," IMF Managing Director Christine Lagarde said. "I have appreciated his wise counsel, exceptional creativity, drive for results and—above all—his unrelenting commitment to the IMF and multilateralism."

Since taking up his current role in 2011, Mr. Tiwari has helped the Fund navigate a number of important institutional issues, including the development of a new surveillance framework, reforms of the IMF's lending facilities, the review of the SDR and introduction of the Renminbi into the SDR basket, the Fund's rapid response to the Ebola crisis, and the successful conclusion of the 2010 Quota Reform.

Among his various positions at the IMF, Mr. Tiwari served as Resident Representative to Russia at the beginning of that country's membership in the Fund, as head of the Office of the Managing Director under Horst Köhler, and as Director of the Office of Budget and Planning. Prior to taking up his current role, he served as the IMF's Secretary, leading the Fund's interactions with the Executive Board and its membership of now 189 countries and initiating the modernization of the IMF's Annual and Spring Meetings.

The search process to identify Mr. Tiwari's successor will begin shortly.