Scott Bessent’s Chief of Staff to Join IMF

Dan Katz, chief of staff to US Treasury Secretary Scott Bessent, is poised to become the first deputy managing director of the IMF, succeeding Gita Gopinath, which may amplify US influence within the organization. Katz is expected to advocate for Bessent’s focus on core IMF activities, amid criticisms of the fund’s recent emphasis on climate change and diversity initiatives.