“He will be irreplaceable for the department, but I feel incredibly lucky to have had his advice”Yellen said in a statement. He noted that “during that time, David has helped shape our international agenda across a broad set of challenges, from recovering from the pandemic to our response to the Russia’s war against Ukraine”.
Lipton, 69, also helped secure a historic agreement on a global minimum tax and to advance in the G7 price cap on Russian oilthe Treasury Department said.
1.jpg
guarantee. After having opposed the “anti-corridas” fund, David Lipton signed all the papers for Argentina to receive the US$5.400 million.
The now retired official has known Argentina since the ’80s, when he was part of the IMF missions to the country in the complex “lost decade”, while the country remained in a state of semi-cessation of payments during the military dictatorship and the government of Raúl Alfonsín. He then became an Under Secretary of the Treasury during the Bill Clinton administration. for 5 years, where he played a key role in the crisis in Asian countries, while watching with one eye The development of convertibility in Argentina was critical, especially after the Brazilian devaluation of 1999.
After going through Citigroup and Moore Capital, Lipton was Special Assistant to the President and Senior Director for International Economic Affairs of the US National Economic Council and the US National Security Council, at the White House. The economist with a Ph.D. from Harvard who teamed up with Jeffrey Sachs, He returned to the Fund in 2011, but as number 2 of the organization that Christine Lagarde led at the time, with whom he developed a very good and complementary relationship.
The French lawyer focused on the diplomatic and political agenda and the North American economist in the technical questions and the handling of the staff of the organization. In this context, he had to deal with the complex relationship that existed with the government of Cristina Kirchner due to the manipulation of public statistics, which caused an unprecedented sanction in the IMF in 2013 with a motion of censure which forced Axel Kicillof’s economic team to negotiate certain changes that did not materialize until the end of that mandate.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
