Ilan Goldfajn | |
---|---|
President of the Inter-American Development Bank | |
Assumed office 19 December 2022 | |
Preceded by | Reina Mejía (Acting) |
President of the Central Bank of Brazil | |
In office 9 June 2016 –28 February 2019 | |
Appointed by | Michel Temer |
Preceded by | Alexandre Tombini |
Succeeded by | Roberto Campos Neto |
Personal details | |
Born | Haifa,Israel | 12 March 1966
Citizenship | |
Education | Federal University of Rio de Janeiro (BA) Pontifical Catholic University of Rio de Janeiro (MA) Massachusetts Institute of Technology (PhD) |
Signature | |
Academic career | |
Doctoral advisor | Rudiger Dornbusch Stanley Fischer [1] |
Ilan Goldfajn (born 12 March 1966) is a Brazilian economist, former governor of the Central Bank of Brazil and former director of the International Monetary Fund's Western Hemisphere Department. [2] In December 2022, he became president of the Inter-American Development Bank. [3]
Goldfajn was born in Haifa, Israel. He is Jewish. [4] [5] He graduated in economics from the Federal University of Rio de Janeiro, received a master's degree from the Pontifical Catholic University of Rio de Janeiro and a doctorate from MIT where he completed his dissertation under the advisory of Stanley Fischer and Rudi Dornbusch. [1]
He was appointed to the position of governor of the Central Bank of Brazil by Minister of Finance Henrique Meirelles on May 12, 2016. [6] [7] He oversaw the implementation of significant regulatory changes that opened the door to new players in the financial services industry, spurred innovation and digitalization, and fostered the growth of fintech companies, all of which bolstered Brazil’s financial sector. [3]
Goldfajn was chosen central banker of the year by The Banker magazine in 2017, and best central banker by Global Finance magazine in 2018.
On September 13, 2021, he was appointed Director of the IMF's Western Hemisphere Department by Director-General Kristalina Georgieva, to assume office on January 3, 2022. [8] He helped countries implement IMF-supported programs to address an array of challenges and also contributed to shaping the region’s policy dialogue on climate change, which led to the IMF’s first Resilience and Sustainability Facility. [9]
On November 20, 2022, he was elected president of the Inter-American Development Bank, assuming office on December 19 of the same year. [10]
Goldfajn's private-sector experience includes key positions at three of Brazil’s leading financial institutions: chief economist and partner at Itaú Unibanco, founding partner at Ciano Investimentos, and partner and economist at Gávea Investimentos. He also served as chairman of Credit Suisse Brazil’s Advisory Board. [11]
Goldfajn has also held several consultant roles at top international finance and governance institutions, including the World Bank, the United Nations and the IMF.
He has taught economics at various universities in Brazil and the United States, has been an editor of several publications and has published numerous articles and books.
Goldfajn speaks English, Portuguese, Spanish and Hebrew.
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."
The Inter-American Development Bank is an international development finance institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations.
Stanley Fischer is an Israeli-American economist who served as the 20th vice chair of the Federal Reserve from 2014 to 2017. Fischer previously served as the 8th governor of the Bank of Israel from 2005 to 2013. Born in Northern Rhodesia, he holds dual citizenship in Israel and the United States. He previously served as First Deputy Managing Director of the International Monetary Fund and as Chief Economist of the World Bank. On January 10, 2014, President Barack Obama nominated Fischer to the position of Vice Chair of the Federal Reserve. He is a senior advisor at BlackRock. On September 6, 2017, Stanley Fischer announced that he was resigning as Vice-Chair for personal reasons effective October 13, 2017, two days before his 74th birthday.
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