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.