The under secretary of the treasury for international affairs is a high-ranking position within the United States Department of the Treasury that reports to, advises, and assists the Secretary of the Treasury and the Deputy Secretary of the Treasury on international economic issues and is often referred to as the U.S. Treasury’s top economic diplomat.
The under secretary leads the development and implementation of policies in the areas of international finance, trade in financial services, investment, economic development, international debt. It also leads the development of policies on U.S. participation in the International Monetary Fund, the World Bank, and the other multilateral development banks (including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development). The under secretary also coordinates international economic policies with the G7 and G20.
Overview The Office of International Affairs (IA), led by the under secretary of the treasury for international affairs, has oversight of the following: Office of International Economic Analysis Assistant Secretary of the Treasury for International Finance Office of Asia Office of Europe and Eurasia Office of Western Hemisphere Office of Middle East and North Africa Office of International Monetary Policy Office of International Financial Markets Assistant Secretary of the Treasury for International Trade and Development Office of Trade and Investment Policy Office of Investment, Energy, and Infrastructure Office of International Development Finance and Policy Office of Technical Assistance Assistant Secretary of the Treasury for Investment Security Office of Investment Security Committee on Foreign Investment in the United States (CFIUS) United States Executive Director of the African Development Bank United States Executive Director of the International Monetary Fund United States Executive Director of the World Bank United States Executive Director of the Asian Development Bank United States Executive Director of the Inter-American Development Bank United States Executive Director of the European Bank for Reconstruction and Development
The Office of International Affairs also oversees the operations of the Exchange Stabilization Fund and the U.S.–China Strategic and Economic Dialogue.
List of under secretaries of the treasury for international affairs NameAssumed officeLeft officePresident appointed byDavid C. Mulford19891992George H. W. BushLawrence SummersApril 5, 1993August 11, 1995Bill ClintonJeffrey R. Shafer19951997Bill ClintonDavid Lipton19971998Bill ClintonTimothy GeithnerJuly 3, 1998January 20, 2001Bill ClintonJohn B. Taylor20012005George W. BushTimothy D. AdamsJuly 2, 2005August 2, 2007George W. BushDavid McCormick, PhDAugust 2007January 20, 2009George W. BushLael BrainardApril 20, 2010November 8, 2013Barack ObamaD. Nathan SheetsSeptember 18, 2014January 20, 2017Barack ObamaDavid MalpassSeptember 25, 2017April 9, 2019Donald TrumpBrent McIntoshSeptember 2019January 20, 2021Donald TrumpJay ShambaughJanuary 13, 2023January 20, 2025Joe R. BidenMichael Kaplan (acting) January 20, 2025October 7, 2025Donald TrumpFrancis Brooke (acting) October 7, 2025April 28, 2026Jonathan Greenstein (acting)April 28, 2026Present
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