September 16, 2009

[efoods]President Barack Obama on Monday named International Monetary Fund deputy research director Charles Collyns as the U.S. Treasury’s new assistant secretary for international finance.

As the No. 2 official in the Treasury’s international affairs section, Collyns will be responsible for representing the Treasury’s interests among multilateral financial institutions such as the IMF, World Bank and international development banks.

He will report to the nominee for undersecretary for international affairs, Lael Brainard, whose nomination is still being vetted by the Senate Finance Committee. The Wall Street Journal reported last week that that a nomination hearing for Brainard was being held up by an inquiry regarding her personal taxes.

A spokeswoman for the panel’s ranking Republican, Sen. Charles Grassley, declined to confirm a tax inquiry and said only that the vetting process was still underway.

Political debate over health care reform has diverted the committee’s attention and resources away from nomination hearings.

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