MONROVIA – Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), today proposed the appointment of Antoinette Sayeh as a Deputy Managing Director, effective March 16, 2020. The appointment is subject to approval by the IMF’s Executive Board.
In announcing her selection of Ms. Sayeh, Ms. Georgieva said:
“We are welcoming back a dear friend and member of the IMF family. Antoinette is very well known and highly respected, having served as Director of the African Department between 2008 and 2016 where she led a major transformation of the Fund’s relationship with our African member countries.
“Antoinette demonstrates a rare combination of institutional leadership, deep analytical capacity, and an unwavering commitment to fairness. I have always been impressed by her genuine care for the well-being of the people we serve and her ability to place them front and center in our efforts. I personally have known and worked with her for many years in a wide range of positions that she has held. I look forward to working closely with her again as she joins the management team.”
Since 2016 Ms. Sayeh, a Liberian national, has been a Distinguished Visiting Fellow at the Center for Global Development (CGD) and was also the external Co-Chair for the recently concluded 19th Replenishment of the World Bank Group’s International Development Association (IDA19).
“Antoinette demonstrates a rare combination of institutional leadership, deep analytical capacity, and an unwavering commitment to fairness. I have always been impressed by her genuine care for the well-being of the people we serve and her ability to place them front and center in our efforts. I personally have known and worked with her for many years in a wide range of positions that she has held. I look forward to working closely with her again as she joins the management team.”
Kristalina Georgieva, Managing Director of the International Monetary Fund
As Minister of Finance in post-conflict Liberia from January 2006 through June 2008, Ms. Sayeh led the country through the clearance of its long-standing multilateral debt arrears. Before joining President Ellen Johnson Sirleaf’s Cabinet, she worked for the World Bank Group for 17 years, holding various senior positions. Prior to that, Ms. Sayeh worked in Liberia’s Ministries of Finance and Planning.
She graduated with a bachelor’s degree with honors in economics from Swarthmore College in Pennsylvania and a PhD in International Economic Relations from the Fletcher School at Tufts University in Massachusetts.
Dr. Sayeh is a renowned economist previously served as the Director of the African Department at the International Monetary Fund from July 14, 2008 to August 31, 2016 and Minister of Finance in the cabinet of the Johnson-Sirleaf era. Ironically, she was the second woman in Liberia’s history to hold that position, the first being Sirleaf. A graduate of Swathmore College and the Fletcher School of Law and Diplomacy, where she received her MA and Ph.D in International Economic Relations, Dr. Sayeh has worked for the World Bank as country director for Benin, Niger and Togo and worked on public finance management and civil service reform in Pakistan. Her stint as Finance Minister is still regarded as one of Liberia’s finest, as she helped engineer the debt relief and put Liberia on the road to recovery after a brutal civil war.