IMF Proposes US Treasury Official As Second-in-command

The appointment of the US Treasury Department's chief of staff to the IMF as its second-in-command would place a close confidant of Secretary Scott Bessent among the Fund's leadership (Credit: AFP)

The IMF has proposed appointing the US Treasury Department's chief of staff as its new number-two official, the Washington-based lender said Thursday.

The selection of Dan Katz, which needs to be approved by the Fund's executive board, would place a close confidant of Treasury Secretary Scott Bessent among the top ranks of an organization that has faced criticism from President Donald Trump's administration.