By InvestAdvocate

Lagos (INVESTADVOCATE)-Christine Lagarde, managing director (MD) of the International Monetary Fund (IMF) on Sunday proposed the reappointment of David Lipton as first deputy MD to a five year term beginning September 1, 2016.

 “I am delighted to propose having David Lipton continue as the First deputy MD. Combining international expertise, public sector policy making and private sector experience, and a proven track record in economic crisis management, David has demonstrated over the last five years his excellent policy-making acumen, a drive toward innovation, a highly developed set of communication and negotiating skills, and invaluable appreciation of IMF policies and procedures.

David is the consummate team player and, together with deputy MDs Mitsuhiro Furusawa, Carla Grasso and Min Zhu, we look forward to continuing to benefit from his incisive intellect, his wise counsel, and his warm collegiality,” Lagarde said in announcing her decision.

Lipton, a national of the U.S, assumed his duties as first deputy MD on September 1, 2011 having first served as a special advisor to the MD of the International Monetary Fund starting July 26, 2011.

According to the IMF, under the leadership of the MD, the First deputy MD exercises comprehensive oversight over the whole range of issues facing the institution. He is directly responsible for the IMF’s surveillance, as well as all issues that are not in the purview of the Deputy MDs. He is also responsible for relations with a wide range of individual countries.

Click here for David Lipton’s biographical information