Dániel Palotai, who was Executive Director and Chief Economist at the National Bank of Hungary for over seven years until last month, will be on the Board of Directors of the International Monetary Fund from November 1.
The Hungarian economist has been an advisor to the IMF since September this year.
As the news site index.hu reports, Dániel Palotai will be the first Hungarian to join IMF's top decision-making body. In the 24-member board, he will be the representative of the Central and Eastern European group of countries (Turkey, Austria, Hungary, the Czech Republic, Slovakia, Belarus, Slovenia and Kosovo).
As the Board decides not only on the internal affairs of the IMF, but also on issues affecting all 190 member countries, his position can be considered not only an economic-financial but also a diplomatic task, according to the news site.
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