Under Secretary of the Treasury for International Affairs explained

Post:United States
Under Secretary of the Treasury for International Affairs
Flag:File:Flag of the United States Under Secretary of the Treasury.svg
Flagcaption:Flag of an Under Secretary of the Treasury
Insignia:Seal of the United States Department of the Treasury.svg
Insigniasize:120
Insigniacaption:Seal of the Department of Treasury
Incumbent:Jay Shambaugh
Incumbentsince:January 13, 2023
Department:Department of the Treasury
Style:The Honorable
Reports To:Secretary of the Treasury
Deputy Secretary of the Treasury
Seat:Treasury Building
Washington, D.C.
Appointer:President of the United States
Appointer Qualified:with Senate advice and consent
Termlength:No fixed term
First:David C. Mulford
Website:Official website

The Under Secretary of the Treasury for International Affairs is a high-ranking position within United States Department of the Treasury that reports to, advises, and assists the Secretary of the Treasury and the Deputy Secretary of the Treasury on international economic issues and is often referred to as the U.S. Treasury’s top economic diplomat., the under secretary is Jay Shambaugh.

The Under Secretary leads the development and implementation of policies in the areas of international finance, trade in financial services, investment, economic development, international debt. 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). The Under Secretary also coordinates international economic policies with the G7 and G20.[1]

Overview

The Office of International Affairs (IA), led by the Under Secretary of the Treasury for International Affairs, has oversight of the following:

The Office of International Affairs also oversees the operations of the Exchange Stabilization Fund and the U.S.–China Strategic and Economic Dialogue.

List of Under Secretaries of the Treasury for International Affairs

NameAssumed officeLeft officePresident appointed by
David C. Mulford[2] 19891992George H. W. Bush
Lawrence Summers[3] 19931995Bill Clinton
Jeffrey R. Shafer[4] 19951997Bill Clinton
David Lipton[5] 19971998Bill Clinton
Timothy Geithner[6] 19982001Bill Clinton
John B. Taylor[7] 20012005George W. Bush
Timothy D. Adams[8] 20052007George W. Bush
David McCormick[9] 20072009George W. Bush
Lael Brainard[10] 20102013Barack Obama
D. Nathan Sheets[11] 20142017Barack Obama
David Malpass[12] 20172019Donald J. Trump
Brent McIntosh[13] 20192021Donald J. Trump
Jay Shambaugh[14] 2023CurrentJoe R. Biden

Notes and References

  1. Web site: U.S. Treasury - Biography of David H. McCormick, Under Secretary for International Affairs . September 21, 2007 . https://web.archive.org/web/20071107110214/http://www.treasury.gov/organization/bios/mccormick-e.html . November 7, 2007.
  2. Web site: David C. Mulford.
  3. Web site: Lawrence Summers.
  4. Web site: Jeffrey R. Shafer.
  5. Web site: David Lipton.
  6. Web site: Timothy Geithner.
  7. Web site: John B. Taylor.
  8. Web site: Timothy D. Adams.
  9. Web site: David McCormick.
  10. Web site: Lael Brainard.
  11. Web site: D. Nathan Sheets.
  12. Web site: David Malpass.
  13. Web site: Brent McIntosh.
  14. Web site: Jay Shambaugh.

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