NEW YORK: The International Monetary Fund has hired Thomas Dawson,
a director in the financial institutions group of US investment bank
Merrill Lynch, to demystify the embattled organisation.
The IMF faces criticism for its plans to sell gold reserves to finance
global debt - attacked by some for hitting the value of many poor
countries’ highest earning commodity.
Dawson worked as an assistant secretary to the office of the White House
chief of staff in business and consumer affairs between 1985 and
He then worked for four years as the executive director for the US at
the IMF. Dawson joined Merrill Lynch in 1993.
He joined the IMF this week as director designate of external relations,
serving a three-year term. He leads a team of 75 across seven
departments, including publications, media relations and editorial. He
reports to IMF managing director Michel Camdessus.
He replaces Shailendra Anjaria, who has recently moved into a management
position as secretary of the IMF, reporting to Camdessus.
Amjara said: ’We have not done as good a job as we should explaining the
IMF’s successes to the public.’