On October 9, IMF Manager Director Horst Köhler nominated Takatoshi Kato, Japan’s former Vice Minister of Finance for International Affairs, to the position of Deputy Managing Director, effective February 1, 2004. Kato, currently Advisor to the President of the Bank of Tokyo-Mitsubishi and a Visiting Professor at Waseda University, will succeed Shigemitsu Sugisaki, who has served as IMF Deputy Managing Director since February 1997.
Between 1995 and 1997, Kato served as Vice Minister of Finance for International Affairs. During more than 30 years of public service, he has been Japan’s representative to the Asian Development Bank and has served with the Secretariat of the Organization for Economic Cooperation and Development. After leaving Japan’s finance ministry, he served in advisory roles at the Asian Development Bank and the World Health Organization. Kato, who is 62, holds degrees in law from Tokyo University and public policy from Princeton University.
In proposing the appointment, Köhler said: “Takatoshi Kato is no stranger to the workings of the Fund, having spent a large part of his career in high-level positions within the Japanese government, including as the G-7 Deputy for Japan. He is an individual with strong professional competency—in economic, public policy, managerial, diplomatic, communication, and leadership skills. I expect he will provide solid and balanced leadership at the Fund.
“I and my management colleagues look forward to Mr. Kato’s joining the IMF’s management team. With his extensive experience in government, international organizations, and academia, he will build upon the distinguished contribution of his predecessor.”
The full text of Press Release No. 03/166 is on the IMF’s website (http://www.imf.org).