Managing Director, IMF
Rodrigo de Rato assumed office as Managing Director of the International Monetary Fund on June 7, 2004. This followed his selection by the Executive Board of the IMF, on May 4, 2004, to serve as Managing Director and Chairman of the Executive Board.
Prior to taking up his position at the IMF, Mr. de Rato was Vice President for Economic Affairs and Minister of Economy for the Government of Spain, a post to which he was appointed in May 1996. In his capacity as Minister of Economy, Mr. de Rato was also Governor for Spain on the Boards of Governors of the IMF, the World Bank, the Inter-American Development Bank, the European Investment Bank, and the European Bank for Reconstruction and Development.
He regularly attended the European Union's Economics and Finance Ministers meetings, and represented the EU at the Group of Seven Finance Ministers meeting in Ottawa, Canada, in 2002, when Spain held the EU Presidency. He was also in charge of foreign trade relations for the Government of Spain, and represented Spain at the World Trade Organization's ministerial meetings in Seattle, United States, in 1999, in Doha, Qatar, in 2001, and Cancun, Mexico, in 2003. He was a member of Spain's parliament from 1982 to 2004.