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Ilan Goldfajn
Ilan Goldfajn
President of the Inter-American Development Bank
	Incumbent
	Assumed office ; 19 December 2022
Preceded by	Reina Mejía (Acting)
President of the Central Bank of Brazil
	In office; 9 June 2016 – 28 February 2019
Appointed by	Michel Temer
Preceded by	Alexandre Tombini
Succeeded by	Roberto Campos Neto
Personal details
Born	12 March 1966 (age 58); Haifa, Israel
Citizenship	Brazilian; Israeli;
Education	Federal University of Rio de Janeiro (BA); Pontifical Catholic University of Rio de Janeiro (MA); Massachusetts Institute of Technology (PhD)
Signature
Academic career
Doctoral; advisor	Rudiger Dornbusch; Stanley Fischer

Ilan Goldfajn (born 12 March 1966) is a Brazilian economist, former governor of the Central Bank of Brazil and former director of the International Monetary Fund's Western Hemisphere Department.^[2] In December 2022, he became president of the Inter-American Development Bank.^[3]

Biography

Goldfajn was born in Haifa, Israel. He is Jewish.^[4]^[5] He graduated in economics from the Federal University of Rio de Janeiro, received a master's degree from the Pontifical Catholic University of Rio de Janeiro and a doctorate from MIT where he completed his dissertation under the advisory of Stanley Fischer and Rudi Dornbusch.^[1]

He was appointed to the position of governor of the Central Bank of Brazil by Minister of Finance Henrique Meirelles on May 12, 2016.^[6]^[7] He oversaw the implementation of significant regulatory changes that opened the door to new players in the financial services industry, spurred innovation and digitalization, and fostered the growth of fintech companies, all of which bolstered Brazil’s financial sector.^[3]

Goldfajn was chosen central banker of the year by The Banker magazine in 2017, and best central banker by Global Finance magazine in 2018.

On September 13, 2021, he was appointed Director of the IMF's Western Hemisphere Department by Director-General Kristalina Georgieva, to assume office on January 3, 2022.^[8] He helped countries implement IMF-supported programs to address an array of challenges and also contributed to shaping the region’s policy dialogue on climate change, which led to the IMF’s first Resilience and Sustainability Facility.^[9]

On November 20, 2022, he was elected president of the Inter-American Development Bank, assuming office on December 19 of the same year.^[10]

Goldfajn's private-sector experience includes key positions at three of Brazil’s leading financial institutions: chief economist and partner at Itaú Unibanco, founding partner at Ciano Investimentos, and partner and economist at Gávea Investimentos. He also served as chairman of Credit Suisse Brazil’s Advisory Board. ^[11]

Goldfajn has also held several consultant roles at top international finance and governance institutions, including the World Bank, the United Nations and the IMF.

He has taught economics at various universities in Brazil and the United States, has been an editor of several publications and has published numerous articles and books.

Goldfajn speaks English, Portuguese, Spanish and Hebrew.

Bibliography

Francesco Giavazzi; Ilan Goldfajn; Santiago Herrera (2005). Inflation Targeting, Debt, and the Brazilian Experience, 1999 to 2003. MIT Press. ISBN 978-0-262-07259-5.
Ilan Goldfajn; André Minella (2005). Capital Flows and Controls in Brazil: What Have We Learned?. National Bureau of Economic Research.

References

^ ^a ^b Goldfajn, Ilan (1995). On Public Debt and Exchange Rates (Doctor of Philosophy). Massachusetts Institute of Technology. Retrieved 25 May 2017.
^ "IMF Managing Director Appoints Ilan Goldfajn as Director of the Western Hemisphere Department". International Monetary Fund. September 13, 2021.
^ ^a ^b "Ilan Goldfajn: President".
^ JTA. "Brazilian Jew named central banker of the year". www.timesofisrael.com. Retrieved 2023-04-15.
^ Algemeiner, The (2023-01-09). "When Antisemitism is Mainstreamed - Algemeiner.com". www.algemeiner.com. Retrieved 2023-04-15.
^ "Meirelles indica Ilan Goldfajn para a presidência do BC". Terra Networks. May 17, 2016. Retrieved September 19, 2016.
^ Trevisani, Paulo (June 7, 2016). "Brazil's Senate Approves Ilan Goldfajn as Central Bank President". The Wall Street Journal. Retrieved September 19, 2016.
^ Do Rosario, Jorgelina (September 13, 2021). "IMF Taps Credit Suisse's Goldfajn for Western Hemisphere Role". Bloomberg.
^ "IMF Managing Director Kristalina Georgieva congratulates Ilan Goldfajn on his appointment as President of the Inter-American Development Bank (IDB)".
^ "Ilan Goldfajn Elected IDB President | IADB". www.iadb.org. Retrieved 2022-11-20.
^ "Biographies: Ilan Goldfajn".

Government offices
Preceded by Alexandre Tombini	President of the Central Bank of Brazil 2016–2019	Succeeded by Roberto Campos Neto
Diplomatic posts
Preceded by Reina Mejía Acting	President of the Inter-American Development Bank 2022–present	Incumbent