U.S. taps Adam Lerrick as acting executive director at IMF: FT

(Reuters) – U.S. Treasury official Adam Lerrick has been tapped by the Trump administration to serve as the country’s acting executive director at the International Monetary Fund, the Financial Times reported on Friday, citing a source.

Lerrick, who is a counselor for international affairs, will be temporarily appointed U.S. executive director at the IMF while the administration awaits the Senate confirmation of investment banker Mark Rosen to the role, the report said. https://on.ft.com/2NyypYv

Lerrick would replace Mauricio Claver-Carone, the previous acting U.S. executive director at IMF , according to the report.

Lerrick, a proponent of reforms at the IMF and World Bank, was one of the authors of a 1990s report led by the late economist Allan Meltzer that called for the IMF to focus on short-term responses to crisis rather than multi-year bailout, the newspaper said.

U.S. Treasury Department and IMF were not immediately available for comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.