Assistant Secretary of the Treasury for International Finance and Development

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Assistant Secretary of the Treasury for International Finance and Development
Flag of the United States Assistant Secretary of the Treasury.svg
Flag of an Assistant Secretary of the Treasury
Incumbent
Robert Kaproth (Acting)
since January 20, 2025
Department of the Treasury
Style The Honorable
Reports to Under Secretary of the Treasury for International Affairs
Nominator President of the United States
Formation1977
Salary$155,500 (2010) [1]
Website Official website

The Deputy Under Secretary / Designated Assistant Secretary of the Treasury for International Finance is a senior position within the United States Department of the Treasury responsible for advising the Secretary of the Treasury on matters of international finance and economic coordination, and overseeing U.S. participation in international financial institutions. [2] The Assistant Secretary is appointed by the President and confirmed by the Senate.

Contents

Overview

The Assistant Secretary is in charge of the Office of International Finance and Development, one of two principal components of the Office of International Affairs within the U.S. Department of the Treasury. He or she oversees seven deputies each with their own Deputy Assistant Secretary, over a dozen offices, and more than 100 personnel. [3] Occupants also hold the rank of Deputy Under Secretary / Designated Assistant Secretary. [4]

Structure

The Deputy Under Secretary / Designated Assistant Secretary reports to the Under Secretary for International Finance and oversees work by the following senior officials:

Duties

The Assistant Secretary leads the development and implementation of policies in the areas of international finance, economic development, bilateral and regional economic engagement, and international debt. The Assistant Secretary also oversees G-7 and G-20 coordination, currency policy, and serves as an economic emissary to foreign governments. It also leads the development of policies on U.S. participation in the International Monetary Fund, the World Bank, and the other multilateral development banks (including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development). [5]

List of Assistant Secretaries for International Finance, 1977—present

NameAssumed officeLeft office President served under
C. Fred Bergsten 19771981 Jimmy Carter
Marc E. Leland19811984 Ronald Reagan
David C. Mulford 19841987 Ronald Reagan
Hollis S. McLoughlin 19871989 Ronald Reagan and George H. W. Bush
Charles H. Dallara 19891991 George H. W. Bush
Olin L. Wethington 19911993 George H. W. Bush
Jeffrey Richard Shafer 19931995 Bill Clinton
David A. Lipton 19951997 Bill Clinton
Timothy Geithner 1997July 3, 1998 Bill Clinton
Edwin M. Truman 19992001 Bill Clinton
Randal Quarles April 2001August 8, 2005 George W. Bush
Clay Lowery 20052009 George W. Bush
Charles Collyns20102013 Barack Obama
Ramin Toloui 2014January 20, 2017 Barack Obama
Geoffrey Okamoto (acting)July 2018March 19, 2020 Donald Trump
Brent Neiman March 15, 2023January 20, 2025 Joe Biden
Robert Kaproth (Acting)January 20, 2025Incumbent Donald Trump

See also

References

  1. ↑ "David Samuel Cohen". Search Federal Pay. Feds Data Center. Retrieved 29 April 2016.
  2. ↑ "International Affairs". www.treasury.gov. Retrieved July 27, 2018.
  3. ↑ "Presidential Transition: Deputy Under Secretary / Designated Assistant Secretary for International Finance".
  4. ↑ "31 U.S. Code § 301 - Department of the Treasury". LII / Legal Information Institute. Retrieved July 27, 2018.
  5. ↑ "Ramin Toloui Confirmed as Treasury Assistant Secretary for International Finance". www.treasury.gov. Retrieved July 27, 2018.
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