Assistant Secretary of the Treasury for International Finance and Development explained

Post:Assistant Secretary
Body:the Treasury for International Finance and Development
Flag:File:Flag_of_the_United_States_Assistant_Secretary_of_the_Treasury.svg
Flagcaption:Flag of an Assistant Secretary of the Treasury
Incumbent:Brent Neiman
Incumbentsince:March 15, 2023
Department:Department of the Treasury
Style:The Honorable
Reports To:Under Secretary of the Treasury for International Affairs
Nominator:President of the United States
Formation:1977
Salary:$155,500 (2010)[1]
Website:Official website

The Deputy Under Secretary / Designated Assistant Secretary of the Treasury for International Finance is a senior position within the United States Department of the Treasury responsible for advising the Secretary of the Treasury on matters of international finance and economic coordination, and overseeing U.S. participation in international financial institutions.[2] The Assistant Secretary is appointed by the President and confirmed by the Senate. The office is currently held by Brent Neiman.

Overview

The Assistant Secretary is in charge of the Office of International Finance and Development, one of two principal components of the Office of International Affairs within the U.S. Department of the Treasury. He or she oversees seven deputies each with their own Deputy Assistant Secretary, over a dozen offices, and more than 100 personnel.[3] Occupants also hold the rank of Deputy Under Secretary / Designated Assistant Secretary.[4]

Structure

The Deputy Under Secretary / Designated Assistant Secretary reports to the Under Secretary for International Finance and oversees work by the following senior officials:

Duties

The Assistant Secretary leads the development and implementation of policies in the areas of international finance, economic development, bilateral and regional economic engagement, and international debt. The Assistant Secretary also oversees G-7 and G-20 coordination, currency policy, and serves as an economic emissary to foreign governments. It also leads the development of policies on U.S. participation in the International Monetary Fund, the World Bank, and the other multilateral development banks (including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development).[5]

List of Assistant Secretaries for International Finance, 1977—present

NameAssumed officeLeft officePresident served under
C. Fred Bergsten19771981Jimmy Carter
Marc E. Leland19811984Ronald Reagan
David C. Mulford19841987Ronald Reagan
Hollis S. McLoughlin19871989Ronald Reagan and George H. W. Bush
Charles H. Dallara19891991George H. W. Bush
Olin L. Wethington19911993George H. W. Bush
Jeffrey Richard Shafer19931995Bill Clinton
David A. Lipton19951997Bill Clinton
Timothy Geithner19971999Bill Clinton
Edwin M. Truman19992001Bill Clinton
Randal QuarlesApril 2001August 8, 2005George W. Bush
Clay Lowery20052009George W. Bush
Charles Collyns20102013Barack Obama
Ramin Toloui20142017Barack Obama
Geoffrey Okamoto (acting)July 2018March 19, 2020Donald Trump
Brent NeimanMarch 15, 2023IncumbentJoe Biden

See also

Notes and References

  1. Web site: David Samuel Cohen. Search Federal Pay. Feds Data Center. 29 April 2016.
  2. Web site: International Affairs. www.treasury.gov. en-us. 2018-07-27.
  3. Web site: Presidential Transition: Deputy Under Secretary / Designated Assistant Secretary for International Finance.
  4. Web site: 31 U.S. Code § 301 - Department of the Treasury. LII / Legal Information Institute. en. 2018-07-27.
  5. Web site: Ramin Toloui Confirmed as Treasury Assistant Secretary for International Finance. www.treasury.gov. en-us. 2018-07-27.