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IDB appoints new Vice President for Finance and Administration

The Inter-American Development Bank today announced the appointment of Joaquim Vieira Ferreira Levy, former National Treasury Secretary of Brazil, as Vice President for Finance and Administration at its headquarters in Washington, D.C.

Levy, who was named head of the Treasury by President Luiz Inácio Lula da Silva in January 2003, has been widely recognized for his successful management of Brazil’s public finances, which has helped his country strengthen its macroeconomic stability and fiscal health.

Prior to the Treasury, Levy served as chief economist in the Ministry of Planning, Budget and Management and assistant secretary for economic policy in the Finance Ministry. Earlier in his career he spent six years at the International Monetary Fund and was a visiting economist at the European Central Bank.

Levy, born in Rio de Janeiro, holds a degree in naval engineering, a master’s degree in economics from the Getulio Vargas Foundation and a Ph.D. in economics from the University of Chicago.

His appointment at the IDB will be effective April 17, 2006. In his new post Levy will oversee several departments, including Finance, Integration and Regional Programs, Research, Budget and Corporate Procurement, Legal, Information Technology and General Services, and Human Resources. He will replace João Sayad, who is retiring after holding the position since September 2004.

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