Federal Council appoints Swiss representative to IMF Executive Board

Bern, 04.12.2015 - Today, the Federal Council appointed Paul Inderbinen, currently deputy divisional head in the State Secretariat for International Financial Matters (SIF), as Switzerland's representative on the Executive Board of the International Monetary Fund (IMF) in Washington D.C., USA. The term of office will start at the latest on 1 November 2016. At that time, the rotation agreed with Poland will start for the position of the Executive Director of the Swiss constituency.

Paul Inderbinen holds a doctorate in economics. He started working as a policy analyst in the Federal Administration in 1999. Now aged 46, he was Deputy Head of the Monetary Affairs and International Finance Section in the Federal Finance Administration (FFA) from 2002 to 2003. From 2003 to 2005, he worked as an adviser in the office of Switzerland's IMF Executive Director in Washington D.C. He subsequently became Head of the International Monetary Fund and International Finance Section in the FFA. He has been Deputy Head of SIF's Multilateral Affairs Division since 2010.

Paul Inderbinen's term of office will start at the latest on 1 November 2016. The term of office of the current Executive Director, Daniel Heller, will finish at that time, and the position will be transferred to Poland for the first time. This is in line with the agreement reached with Poland in April 2012, whereby both countries hold the position alternately for two years each. Paul Inderbinen will thus act as Deputy Executive Director up to 31 October 2018 and will be Executive Director from 1 November 2018. Switzerland's representative on the Executive Board protects the interests of our country and the constituency regarding strategic, operational and administrative issues in the IMF.

Aside from Switzerland and Poland, the members of the Swiss constituency in the Bretton Woods institutions include Azerbaijan, Kazakhstan, Kyrgyzstan, Serbia, Tajikistan and Turkmenistan, as well as Uzbekistan in the World Bank Group.


Address for enquiries

Beat Werder, Head of Communications, State Secretariat for International Financial Matters SIF
Tel. +41 58 469 79 47, beat.werder@sif.admin.ch


Publisher

The Federal Council
https://www.admin.ch/gov/en/start.html

Federal Department of Finance
https://www.efd.admin.ch/efd/en/home.html

Last modification 03.10.2018

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