Press Release No. 01/46

Mr. Horst Köhler, Managing Director of the International Monetary Fund (IMF), announced today the reappointment of Mr. Shigemitsu Sugisaki as Deputy Managing Director to a four-year term beginning on February 2, 2002. The Managing Director's recommendation was approved by the IMF's 24-member Executive Board.

Mr. Sugisaki, a national of Japan, began a five-year term on February 3, 1997 (see Press Release No. 97/6). He joined the IMF in August 1994 as a Special Advisor to then Managing Director Michel Camdessus after holding a range of senior positions with Japan's Ministry of Finance.

In addition to overseeing the Fund's relations with a number of countries, the Deputy Managing Director's responsibilities include budget and planning, internal organization, and the IMF's financial structure and treasury operations.

"Anne Krueger, Eduardo Aninat, and I look forward to continuing to work with Shige, benefiting from his experience, both within and outside the Fund, his wise counsel on all matters relating to the work of this institution, his warm collegiality, and his strong dedication to the work and goals of the Fund," stated Mr. Köhler.

---