The appointment of Yusuke Horiguchi, a Japanese national, is effective February 1, 2000. Currently the Associate Director of the department, Horiguchi succeeds Hubert Neiss, who is retiring from the institution after 33 years of service.
Horiguchi joined the IMF in 1978 and has held various positions in the institution, including Deputy Director of the IMF’s European II Department, which covers the Baltics and the former Soviet Union, and the European I Department, which covers the European Union and the transition economies of Eastern Europe. He was appointed Associate Director of the Asia and Pacific Department in December 1998. Horiguchi studied at Keio University and holds a doctorate in economics from Rice University.
Horiguchi’s department covers a wide range of countries in the Asia Pacific region, including Japan, China, and India, as well as Indonesia, Korea, Thailand, and the Philippines, which have programs with IMF financial support.
Masood Ahmed, who worked at the World Bank for 21 years, had been the Bank’s Vice President for Poverty Reduction and Economic Management since 1997.
Ahmed will coordinate the IMF’s efforts in supporting its poorest member countries through the Poverty Reduction and Growth Facility (PRGF), a newly created successor to the Enhanced Structural Adjustment Facility. He will also be involved in other aspects of the work of the Policy Development and Review Department.
“Masood’s main task will be to work on the PRGF,” IMF Managing Director Michel Camdessus said. “He will also be devoting some of his time to IMF interactions with other involved institutions and agencies, particularly in the context of the PRGF.” Camdessus noted that Ahmed has been working closely with senior IMF staff to develop a coordinated strategy with the World Bank on debt relief and a concerted poverty reduction effort. “We look forward to his continued input into the process,” Camdessus added.
At a press briefing on January 28, IMF External Affairs Director Thomas Dawson said Ahmed was expected to take up his new position in the IMF in late May or early June.
Prior to being named Vice President at the World Bank, Ahmed, a Pakistani national, was Director of its International Economics Department and chief of the department’s International Capital Flows and Debt Division. During the 1980s, he helped shape the Bank’s response to the global energy crisis, and between 1987 and 1991, he was involved in managing the Bank’s lending and advisory activities in the Maghreb countries.
He holds a bachelors and masters degree in economics from the London School of Economics.