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Nemat (Minouche) Shafik

Nemat Shafik

Deputy Managing Director, the International Monetary Fund (IMF).

Nemat Shafik has been the Deputy Managing Director of the International Monetary Fund since April 2011.

Previously, she was Permanent Secretary of the Department for International Development (DFID) and chief executive of the department responsible for all UK development efforts. Before her appointment as Permanent Secretary, Ms. Shafik was Director General for Country Programmes where she was responsible for the DFID’s programmes across Africa, the Middle East, Asia, Latin America, and Eastern Europe.

Prior to joining the DFID in 2004, Nemat Shafik was the youngest ever Vice President at the World Bank where she was responsible for a private sector and infrastructure portfolio of investments worth about $50 billion. She led the Bank’s work on energy, water, transport and urban sectors, private sector development as well as infrastructure economics and finance.

Ms. Shafik has also chaired several international consultative groups and served on a number of boards including the Middle East Advisory Group to the International Monetary Fund, the Consultative Group to Assist the Poorest and the Economic Research Forum. She has authored, edited, or co-authored a number of books, including Prospects for the Middle East and North African Economies: from Boom to Bust and Back?, Challenges Facing Middle Eastern and North African Countries: Alternative Futures, and Reviving Private Investment in Developing Countries, and written articles for several publications. She was named “Woman of the Year” for Global Leadership and Global Diversity in 2009.

Nemat Shafik earned a doctorate in economics from St. Antony's College, Oxford University, in 1989 and a Master of Science in economics from the London School of Economics in 1986.

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