The International Monetary Fund (IMF) said its executive board has selected Charles Collyns as the new director of the Independent Evaluation Office of the Fund.

He succeeds Moíses Schwartz of Mexico, whose term expires on January 31.

The Independent Evaluation Office, set up in April 2000, is independent from Fund management and staff, and reports directly to the executive board on its findings.

The director is appointed by the executive board for a non-renewable term of six years. In exceptional circumstances, the term may be extended by the board for another year, said a statement from IMF.

Collyns has been the managing director and chief economist of the Institute of International Finance since August 2013. Between February 2010 and July 2013, he served as Assistant Secretary for International Finance at the US Department of the Treasury.

Prior to that Collyns held several senior positions at the IMF, including deputy director of the Research Department and of the Western Hemisphere Department.
 
Collyns, a national of the United States and the United Kingdom, earned a bachelor’s degree in economics from Cambridge University and an MPhil and DPhil in economics from Oxford University.
 
Collyns will take over his new position on February 1, 2017.-TradeArabia News Service