Finance Department Director Andrew Tweedie Retires from IMF

Finance Department Director Andrew Tweedie Retires from IMF

February 16, 2021

Washington D.C.:
Mr. Andrew Tweedie, Director of the Finance Department to the International Monetary Fund (IMF), notified the IMF

Managing Director Kristalina Georgieva of her intention to withdraw from the Fund on July 31, 2021.

Mr. Tweedie, a New Zealand national, has held his current position since May 2008, where he oversaw the mobilization, management and control of the Fund’s financial resources and advised the management team and the Board on all aspects of the Fund’s financial policies. and operations. He played a key role in reforming IMF quotas and developing a new revenue model. Mr. Tweedie joined the IMF in 1987 after leaving the Reserve Bank of New Zealand.

“Andrew’s exceptional knowledge and experience has strengthened the IMF’s role as a trusted partner for our member countries. I greatly appreciated his wise advice and instrumental contributions, particularly in helping the Fund adapt and respond quickly to the unprecedented requests for emergency funding from member countries to respond to the COVID-19 crisis” , Ms. Georgieva said.

“He played a central role in the Fund’s response to the global financial crisis, including quadrupling the Fund’s lending capacity through a doubling of quotas, an expansion of new loan agreements and several rounds of agreements bilateral loans. These were crucial steps that helped secure the Fund’s strong financial position at the center of the global financial safety net. He will be greatly missed,” she said.

The search process to identify a successor to Mr. Tweedie will begin immediately.