The Managing Director of the International Monetary Fund, Ms. Kristalina Georgieva, has announced that departure of the Financial Counsellor and Director of the IMF’s Monetary and Capital Markets Department,Tobias Adrian from the Fund effective August 31, 2026.
In a press release dated June 8,2026 ,Ms. Kristalina Georgieva explained that the man who led the Fund under some of its most turbulent periods in recent global economic history has decided to step down from his role after 9 years.
“Since taking on this role in 2017, Tobias has provided exceptional intellectual leadership at a time of extraordinary global uncertainty.From the COVID-19 pandemic and its aftermath to the surge in global inflation, tighter financial conditions, and rising geo-economic fragmentation, he has ensured that the Fund’s work on macro-financial issues remained rigorous, timely, and highly relevant for our membership.”Ms. Georgieva said
Under his tenure,the German-U.S. dual national, led the Fund’s work on financial sector surveillance, monetary and macroprudential policy, digital finance, capital markets, and financial stability. Under his watch also, the Monetary and Capital Markets Department strengthened its support to the Fund’s membership, delivering policy advice, surveillance, program support, and capacity development across more than 100 countries annually. Tobias Adrian also elevated the Global Financial Stability Report as a leading voice on macro-financial risks and played a central role in advancing the IMF’s Integrated Policy Framework, a framework aimed at helping countries navigate fluctuations in international capital flows.
Beyond traditional financial stability work, Mr. Adrian played a defining role in shaping the IMF’s approach to digital money and financial innovation, helping position the institution at the forefront of global policy discussions in a rapidly evolving space.
Prior to joining the IMF, Mr. Adrian held several senior positions at the Federal Reserve Bank of New York. He has published extensively and taught at leading academic institutions including MIT, Princeton University, and New York University.
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