## Press Release: IMF Managing Director Dominique Strauss-Kahn Proposes Appointment of Nemat Shafik as Deputy Managing Director

_IMF News, February 23, 2011_

## Source details

**Canonical URL:** [Press Release: IMF Managing Director Dominique Strauss-Kahn Proposes Appointment of Nemat Shafik as Deputy Managing Director](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1155)

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## Bibliographic details
- Published: February 23, 2011

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### Appointment details
- Press Release No. 11/55
- Date: February 23, 2011
- Proposed appointment: Ms. Nemat Shafik to the position of Deputy Managing Director of the International Monetary Fund (IMF).
- She will succeed Mr. Murilo Portugal, who resigned effective March 4, 2011 (see Press Release No. 11/12).

### Professional background and roles
- Former youngest ever Vice President of the World Bank, responsible for a private sector and infrastructure portfolio of investments, and part of the senior management team of the International Finance Corp.
- Currently Permanent Secretary of the U.K. Department for International Development (DFID), leading the department responsible for managing the U.K. overseas development strategy and budget.
- Prior experience includes work in Cairo and service as a consultant on African economies.
- Current membership: Middle East Advisory Group to the IMF.
- Academic and teaching roles: has taught at the Wharton Business School and Georgetown University.
- Languages spoken: Arabic, English and French.

### Education and personal details
- Nationalities: Egypt, the U.K., and the U.S.
- Age at time of release: 48
- Education:
  - Graduated from high school in Alexandria, Egypt.
  - Attended the American University in Cairo.
  - Degrees from the University of Massachusetts—Amherst and the London School of Economics.
  - PhD in Economics from Oxford University.
- Research and publications: has published widely, especially on the Middle East and North Africa.

### Statement from the Managing Director
- Mr. Dominique Strauss-Kahn: "I am delighted to propose Nemat Shafik as the next Deputy Managing Director to succeed Murilo Portugal. A global citizen with a global reputation in fields ranging from emerging markets, international development, the Middle East and Africa, to the financial sector, Ms. Shafik brings to the Fund extensive experience in policy-making, management and academia."

### Selection process
- The Managing Director selects and appoints the Deputy Managing Directors of the Fund.
- These appointments require approval by the Executive Board.
- As is the practice for such appointments, the Board is consulted regarding the type of qualifications that, in the view of the Executive Board, a Deputy Managing Director should possess.

*Press Release No. 11/55 — International Monetary Fund, February 23, 2011*

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## References

- [Arab Republic of Egypt and the IMF](http://www.imf.org/external/country/EGY/index.htm)
- [Portugal and the IMF](http://www.imf.org/external/country/PRT/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [https://www.imf.org/external/images/nemat.jpg](https://www.imf.org/external/images/nemat.jpg)
- [PRESS CENTER](http://presscenter.imf.org/)
- [Press Release No. 11/12](https://www.imf.org/external/np/sec/pr/2011/pr1112.htm)
- [Middle East Advisory Group](https://www.imf.org/external/region/advisorygroups/members/MEAG.htm)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1155_