The administration of President Donald Trump plans to nominate Dan Katz, chief of cabinet of Treasury Secretary Scott Besent, to be the second official of the International Monetary Fund, according to people familiar with the matter.
The announcement of the Katz nomination could come from the IMF even on Wednesday, according to the sources, which asked not to be identified due to a decision that has not been made public. They warned that the selection could change at the last minute.
Katz would replace Gita Gopinath, who resigned at the end of last month. This vacancy gave Trump the opportunity to name his replacement and leave his mark on the global lendist in crisis. Katz has been boss of Besent Cabinet since January.
Katz is a former Goldman Group Group Investment Banquero Inc. and veteran of the Treasury Department during Trump’s first mandate. He graduated in Law at the Law Faculty of the University of New York and obtained his degree at Yale College, according to a biography of Manhattan Institute, where he was previously a senior member.
The White House, Katz, the IMF and the Department of the Treasury did not immediately respond to the requests for comments. The New York Post previously reported on the government’s plans to nominate Katz for the position.
The main deputy director of the IMF is usually proposed by the United States and appointed by the agency managing director, Kristalina Georgieva. Gopinath replaced Geoffrey Okamoto, nominated by Trump, who held the position less than two years.
The IMF has a global loan fund of up to a billion dollars available for almost 200 member countries when they face pay balance crises.
On the other hand, Georgieva appointed Nigel Chalk director of the Department of the Western Hemisphere of the IMF. In recent years, the position has been regularly occupied by a former Finance Official or Central Banking of Latin America and usually leads the work of the IMF with Argentina, the largest borrower in the fund. Chalk has been deputy director of the department for a long time and head of mission for the United States, the largest shareholder of the IMF.
