Michael Mussa will be stepping down from his position as the IMF’s Economic Counsellor and Director of the Research Department at the end of his current term, IMF Managing Director Horst Köhler announced.
Mussa will relinquish his post on June 29. But, at the request of Köhler, he will remain on staff until the end of September as Special Advisor to the Managing Director.
In announcing Mussa’s resignation in a news brief dated March 7, Köhler said, “Michael Mussa has made an enormous contribution to the IMF and its work over the past decade, giving great service to our membership. He has provided wise counsel to the Executive Board, management, and staff, leading the Research Department during one of the most eventful periods in the IMF’s history. I know he will be greatly missed by his many friends and colleagues here.
“During his tenure, Mike has significantly increased the contribution that the Research Department makes to the operational work of the IMF and has upgraded the World Economic Outlook, the International Capital Markets report, and the regular briefings to the Board on world economic and market developments,” Köhler said.
Responding, Mussa said, “It has been an honor and a pleasure to work for the past decade as a member of the staff of the IMF. Despite recent criticism of the institution, the IMF is undoubtedly a highly efficient international organization that effectively serves the needs and interests of its 183 member countries. I cherish the opportunity to have contributed to that service, and I wish my colleagues on the IMF staff, in management, and on the Executive Board well in their continuing endeavors.”
Mussa took up his post in August 1991, following a distinguished career in academia and public service. He was a William H. Abbott Professor of International Business at the University of Chicago, a member of the U.S. Council of Economic Advisers under U.S. President Ronald Reagan, and a Research Associate at the National Bureau of Economic Research.
Köhler announced that the IMF would be undertaking an intensive search over the coming months to identify suitable candidates to succeed Mussa.
The text of News Brief No. 01/25 is available on the IMF’s website (www.imf.org).