{
  "title": "IMF Managing Director Kristalina Georgieva Announces Intention to Appoint Isabel Schnabel as Financial Counsellor and Director of the Monetary and Capital Markets Department",
  "publication": "IMF News, September 24, 2026",
  "sourceUrl": "https://www.imf.org/en/news/articles/2026/09/24/pr26303-imf-managing-director",
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  "summary": "Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Ms. Isabel Schnabel as the Fund’s next Financial Counsellor and Director of the Monetary and Capital Markets Department (MCM), effective January 4, 2027.",
  "publishDate": "2026-09-24",
  "sections": [
    {
      "heading": "Appointment details",
      "content": "- Managing Director Kristalina Georgieva announced her intention to appoint Ms. Isabel Schnabel as the Fund’s next Financial Counsellor and Director of the Monetary and Capital Markets Department (MCM).\n- Effective date: January 4, 2027.\n- Announcement date: September 24, 2026.\n- Press Release No. 26/303.\n- The appointment is intended to support the Fund’s work with its 191 members."
    },
    {
      "heading": "Professional background and qualifications",
      "content": "- Current role: Member of the Executive Board of the European Central Bank (ECB).\n  - Responsible for market operations, research, and statistics.\n  - Member of the ECB’s Governing Council, which sets monetary policy for the euro area.\n- ECB contributions since joining in 2020:\n  - Played a central role in the institution’s response to the pandemic, the 2022 energy price shock and cost of living crisis, and periods of financial market stress.\n  - Led development of the ECB’s new monetary policy implementation framework.\n  - Championed innovation, including the adoption of artificial intelligence and the modernization of supervisory and statistical reporting.\n- Previous roles:\n  - Member of the German Council of Economic Experts.\n  - Vice Chair of the Advisory Scientific Committee of the European Systemic Risk Board.\n  - Chair of the Advisory Board of BaFin, Germany’s Federal Financial Supervisory Authority.\n  - Roles provided deep expertise in macroprudential policy, banking supervision, capital markets, and financial regulation.\n- Academic credentials:\n  - Professor of Financial Economics at the University of Bonn.\n  - Earned a doctorate in economics, with highest distinction, from the University of Mannheim.\n  - Research areas: banking crises, systemic risk, financial regulation, international finance, and economic history, with publications in leading academic journals."
    },
    {
      "heading": "Rationale and expected contributions",
      "content": "- Managing Director Georgieva described Ms. Schnabel as:\n  - A highly distinguished economist and policymaker.\n  - A leading voice on monetary policy, financial markets, and financial stability.\n  - Demonstrating intellectual leadership in research and practical policymaking.\n  - Known for collaborative leadership, commitment to developing talent, and ability to build consensus around complex policy issues.\n- Anticipated value to the Fund:\n  - Deep expertise at the intersection of central banking, capital markets, and financial stability.\n  - Support for guiding members through a rapidly changing global financial landscape.\n  - Strengthening the Fund’s work to promote global monetary and financial stability through intellectual leadership, policy experience, and commitment to international cooperation."
    },
    {
      "heading": "Media and contact information",
      "content": "- IMF Communications Department — MEDIA RELATIONS.\n- PRESS OFFICER: Angham Al Shami.\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- IMF Twitter: @IMFSpokesperson\n\nSource: Press Release No. 26/303, September 24, 2026.\n\n---\n\n\n References\n\n- Germany and the IMF\n- IMF-World Bank Debt Sustainability Framework for Low-Income Countries -- A Factsheet\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2026/09/24/pr26303-imf-managing-director"
    }
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    "Published: September 24, 2026",
    "Managing Director Kristalina Georgieva announced her intention to appoint Ms. Isabel Schnabel as the Fund’s next Financial Counsellor and Director of the Monetary and Capital Markets Department (MCM).",
    "Effective date: January 4, 2027.",
    "Announcement date: September 24, 2026.",
    "Press Release No. 26/303.",
    "The appointment is intended to support the Fund’s work with its 191 members.",
    "Current role: Member of the Executive Board of the European Central Bank (ECB).",
    "ECB contributions since joining in 2020:",
    "Previous roles:",
    "Academic credentials:",
    "Managing Director Georgieva described Ms. Schnabel as:",
    "Anticipated value to the Fund:",
    "IMF Communications Department — MEDIA RELATIONS.",
    "PRESS OFFICER: Angham Al Shami.",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "IMF Twitter: @IMFSpokesperson",
    "[Germany and the IMF](http://www.imf.org/external/country/DEU/index.htm)",
    "[IMF-World Bank Debt Sustainability Framework for Low-Income Countries -- A Factsheet](https://www.imf.org/en/about/factsheets/sheets/2023/imf-world-bank-debt-sustainability-framework-for-low-income-countries)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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