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Horst Koehler -- the Portrait

The new chief of the International Monetary Fund (IMF), 57-year-old Horst Koehler, is a man with great experience on the international financial scene. He was appointed to run the European Bank for Reconstruction and Development (EBRD) in July, 1998, becoming the highest ranking German in a major international institution.

Koehler entered Christian Democratic Union (CDU) in 1981 and has been said to be a goal-seeking politician. In 1982, he started working in the finance ministry in Bonn. Koehler conducted billions-worth payments with Russia concerning the withdrawal of the Red Army from East Germany.

Koehler was the right hand of the Chancellor Helmut Kohl in making all important economic and financial decisions. He prepared the G-7 conferences where the leading industrial states took part. In 1993-1998 he was President of German saving banks and endorsement union.

Born in Skierbieszow (Poland), Horst Koehler is married and has two children.

Previous pages > Press Commentaries > The New IMF Head

Related links:

About the International Monetary Fund
General information about the IMF -- an introduction, a fact sheet, etc.

Clinton Backs Up Koehler as IMF Candidate
After rejecting the first German candidate -- Caio Koch-Weser -- Washington accepts Horst Koehler.

International Monetary Fund
All you might ever want to know about the IMF.