Nemat ShafikDeputy Managing Director, IMF
December 13, 2013
Nemat Shafik has been Deputy Managing Director of the International Monetary Fund since April 2011 where she oversees work on countries in Europe and the Middle East. She is also responsible for the IMF’s $1 billion administrative budget, human resources for its 3,000 staff and oversees the IMF’s training and technical assistance for policy makers around the world. She regularly chairs the Board of the IMF and represents the organization in a variety of global fora.
Nemat Shafik was Permanent Secretary of the Department for International Development (DFID) from March 2008 to March 2011. As chief executive of the department responsible for all UK development efforts she oversaw a bilateral aid programme in over 100 countries, multilateral policies and financing for the United Nations, European Union and international financial institutions, and overall development policy and research. She was the primary interface for Ministers, appeared regularly before Parliament and represented the department externally.
Prior to coming to DFID in 2004, Nemat Shafik was the youngest ever Vice President at the World Bank where she was responsible for improving the performance of a private sector and infrastructure portfolio of investments worth about $50 billion. She also led a revitalization of the Bank’s infrastructure business through product innovation and created global groups to provide both policy advice, debt and equity investments jointly with the International Finance Corporation in the areas of oil, gas and mining, telecommunications, small and medium enterprises, project finance and guarantees.
Nemat Shafik has also chaired six international consultative groups and served on seven boards on a wide range of sectors and issues. She has held a number of academic appointments at the Wharton Business School of the University of Pennsylvania and the Economics Department at Georgetown University. Nemat Shafik attained her BA in Economics and Politics from the University of Massachusetts-Amherst, her MSc in Economics from the London School of Economics, and a DPhil in Economics from St. Antony's College, Oxford University. Nemat Shafik has authored, edited, and co-authored a number of books and articles. She was named “Woman of the Year” for Global Leadership and Global Diversity in 2009.