Under Secretary of the Treasury for International Affairs
- Under Secretary of the Treasury for International Affairs
The Under Secretary for International Affairs is a position within the United States Department of the Treasury responsible for advising the Secretary of the Treasury on international economic issues. The current Under Secretary is David H. McCormick, who was sworn in on August 14, 2007.[cite web | title="U.S. Treasury - Biography of David H. McCormick, Under Secretary for International Affairs" | url=http://www.treasury.gov/organization/bios/mccormick-e.html | accessdate= September 21 | accessyear= 2007 ] Recent former Under Secretaries include Timothy D. Adams, [cite web | title="U.S. Treasury - Biography of Timothy D. Adams, Under Secretary for International Affairs" | url=http://www.treasury.gov/organization/bios/adams-e.html | accessdate= September 21 | accessyear= 2007 ] John B. Taylor, [cite web | title="Policies in International Finance 2001-2005" | url=http://www.stanford.edu/~johntayl/PoliciesInternationalFinance.htm | accessdate= September 21 | accessyear= 2007 ] Timothy F. Geithner, [cite web | title="Timothy F. Geithner, President of the New York Fed - Organization - About the Fed - Federal Reserve Bank of New York" | url=http://www.ny.frb.org/aboutthefed/orgchart/geithner.html | accessdate= September 21 | accessyear= 2007 ] and Lawrence H. Summers. [cite web | title="History of the President's Office" | url=http://www.president.harvard.edu/history/27_summers/summers.html | accessdate= September 21 | accessyear= 2007 ] ]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 financial market policy with the G7 industrial nations.
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