Mr. Goldfajn served as director of the Western Hemisphere Department at the International Monetary Fund in 2022, where he helped countries implement IMF-supported programs to address an unprecedented array of challenges. He also contributed to the region’s policy dialogue on climate change with the IMF and oversaw the first Resilience and Sustainability Facility of the institution. Earlier in his career, he worked as an economist at the IMF (1996-1999).

Mr. Goldfajn previously served as governor of the Banco Central do Brasil (2016-2019) and deputy governor (2000-2003). He led the BCB in a period of unprecedented decline in inflation and interest rates in Brazil. He championed the structural “BC+“ agenda and oversaw changes that opened the door to new players in the financial services industry, spurred innovation and digitalization, and started developing the widespread fast-payment system, all of which bolstered efficiency and more inclusion in Brazil’s financial sector.

In 2017, he was elected Central Banker of the Year by The Banker magazine. The year after, Global Finance magazine named him Best Central Banker.

Mr. Goldfajn’s private-sector experience includes key positions at Brazil’s financial institutions: chief economist and partner of Itaú Unibanco, founding partner of Ciano Investimentos, partner and economist at Gávea Investimentos and chairman of Credit Suisse Brazil’s Advisory Board. He has also had several roles as a consultant at top public-sector institutions, including the World Bank, the United Nations and the IMF.

He has an extensive academic career. He taught graduate and undergraduate economics at universities in Brazil and the United States, has worked as an editor of various publications, and has written and published numerous articles and books. Mr. Goldfajn holds a doctorate in economics from the Massachusetts Institute of Technology (MIT), and master’s degree in economics from the Pontificia Universidade Católica and a bachelor’s degree in economics from the Universidade Federal, both in Rio de Janeiro.

Mr. Goldfajn is fluent in English, Portuguese, Spanish and Hebrew. He took office at the IDB on December 19, 2022.