The International Monetary Fund (IMF) has appointed Rodrigo Valdes as the new Director of the Fiscal Affairs Department, effective immediately. Valdes, who succeeds the retiring Vicky Sterlini, brings extensive experience in economic policy and fiscal management.

In a significant leadership change, the International Monetary Fund (IMF) has announced the appointment of Rodrigo Valdes, originally from Chile, as the new Director of the Fiscal Affairs Department. This decision was made public on July 17, 2025, indicating a commitment to enhancing fiscal policies worldwide. 

Valdes steps into this role following the departure of Vicky Sterlini, who has served the department with distinction and is now retiring after a notable tenure. 

Rodrigo Valdes comes to this position with a wealth of experience in economic policy and fiscal management, having served in various capacities within government and international organizations. His extensive background includes leadership roles that influence fiscal policy development, economic reforms, and sustainable growth initiatives. 

IMF Managing Director Kristalina Georgieva expressed confidence in Valdes’s abilities, stating:

“I am pleased to announce that Rodrigo Valdés will assume the role of Director of the Fiscal Affairs Department. I am also delighted that this appointment represents the first time in FAD’s 60-year history that an Emerging Market economist will lead the department.”

Valdes's expertise is expected to drive forward the department's objectives, ensuring that governments are better equipped to manage their fiscal challenges, especially in the wake of global economic shifts. 

The Fiscal Affairs Department is central to the IMF's work, focusing on advising countries on best practices for fiscal policy, budgeting, and tax reforms. 

_{^{Image Credits: imf.org}}