Bloomberg
December 2, 2011
Reza Moghadam, who took over European operations at the International Monetary Fund last month, shook up the department by appointing three new deputies as the fund prepares for deeper involvement in the euro region’s debt crisis.
Mahmood Pradhan, Aasim Husain, and Rodrigo Valdes will all join from other departments as deputy directors, according to an internal announcement dated Nov. 28 and obtained by Bloomberg News. None of them is a citizen of a country of the 17-nation euro region, where the IMF is co-financing bailouts to Greece, Portugal and Ireland and is preparing to send a team to Italy to audit the country’s efforts to reduce its debt.
“They are all of course superb economists, but they bring much more to us at these trying times for the department,” Moghadam, a U.K. citizen, said in an e-mail to some IMF staff members. “They have all been intellectual leaders within and outside the Fund, with enormous depth and expertise.”
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