Under Secretary of the Treasury for International Affairs

Last updated
United States
Under Secretary of the Treasury for International Affairs
Seal of the United States Department of the Treasury.svg
Seal of the United States Department of the Treasury
Flag of the United States Under Secretary of the Treasury.svg
Flag of an Under Secretary of the Treasury
Incumbent
Michael Kaplan
Acting  
since January 20, 2025
Department of the Treasury
Style The Honorable
Reports to Secretary of the Treasury
Deputy Secretary of the Treasury
Seat Treasury Building
Washington, D.C.
Appointer President of the United States
with Senate advice and consent
Term length No fixed term
First holder David C. Mulford
Website Official website

The Under Secretary of the Treasury for International Affairs is a high-ranking position within the United States Department of the Treasury that reports to, advises, and assists the Secretary of the Treasury and the Deputy Secretary of the Treasury on international economic issues and is often referred to as the U.S. Treasury’s top economic diplomat.

Contents

The Under Secretary leads the development and implementation of policies in the areas of international finance, trade in financial services, investment, economic development, international debt. 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). The Under Secretary also coordinates international economic policies with the G7 and G20. [1]

Overview

The Office of International Affairs (IA), led by the Under Secretary of the Treasury for International Affairs, has oversight of the following:

The Office of International Affairs also oversees the operations of the Exchange Stabilization Fund and the U.S.–China Strategic and Economic Dialogue.

List of Under Secretaries of the Treasury for International Affairs

NameAssumed officeLeft office President appointed by
David C. Mulford [2] 19891992 George H. W. Bush
Lawrence Summers [3] April 5, 1993August 11, 1995 Bill Clinton
Jeffrey R. Shafer [4] 19951997 Bill Clinton
David Lipton [5] 19971998 Bill Clinton
Timothy Geithner [6] July 3, 1998January 20, 2001 Bill Clinton
John B. Taylor [7] 20012005 George W. Bush
Timothy D. Adams [8] July 2, 2005August 2, 2007 George W. Bush
David McCormick [9] August 2007January 20, 2009 George W. Bush
Lael Brainard [10] April 20, 2010November 8, 2013 Barack Obama
D. Nathan Sheets [11] September 18, 2014January 20, 2017 Barack Obama
David Malpass [12] September 25, 2017April 9, 2019 Donald J. Trump
Brent McIntosh [13] September 2019January 20, 2021 Donald J. Trump
Jay Shambaugh [14] January 13, 2023January 20, 2025 Joe R. Biden
Michael Kaplan (acting)January 20, 2025Present Donald Trump

References

  1. ↑ "U.S. Treasury - Biography of David H. McCormick, Under Secretary for International Affairs". Archived from the original on November 7, 2007. Retrieved September 21, 2007.
  2. ↑ "David C. Mulford".
  3. ↑ "Lawrence Summers".
  4. ↑ "Jeffrey R. Shafer".
  5. ↑ "David Lipton".
  6. ↑ "Timothy Geithner".
  7. ↑ "John B. Taylor".
  8. ↑ "Timothy D. Adams".
  9. ↑ "David McCormick".
  10. ↑ "Lael Brainard".
  11. ↑ "D. Nathan Sheets".
  12. ↑ "David Malpass".
  13. ↑ "Brent McIntosh".
  14. ↑ "Jay Shambaugh".
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.