The Under Secretary of the Treasury for International Affairs is a senior position within the United States Department of the Treasury

United States Department of the Treasury

The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...

 responsible for advising the Secretary of the Treasury on international economic issues. The current Under Secretary for International Affairs is Lael Brainard

Lael Brainard

Lael Brainard is the United States Under Secretary of the Treasury for International Affairs in the administration of President Barack Obama. She previously was a senior fellow at the Brookings Institution from 2001 to 2009, and served as the vice president and director of the Global Economy and...

, who was appointed by President Barack Obama

Barack Obama

Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

 in April, 2010.

Former Under Secretaries

Notable former Under Secretaries include David H. McCormick

David H. McCormick

David H. McCormick is the former Under Secretary for International Affairs within the United States Department of the Treasury and one of the Chief Executive Officer's at Bridgewater Associates. -Education:...

, Timothy D. Adams

Timothy D. Adams

Timothy Dees Adams , usually referred to as Tim Adams, became the Under Secretary for International Affairs at the United States Department of the Treasury on August 2, 2005. He submitted his resignation via letter to George W...

, John B. Taylor

John B. Taylor

John Brian Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University's Hoover Institution....

, Timothy F. Geithner

Timothy F. Geithner

Timothy Franz Geithner is an American economist, central banker, and civil servant. He is the 75th and current United States Secretary of the Treasury, serving under President Barack Obama...

, David Mulford

David Mulford

David Campbell Mulford is a former United States Ambassador to India. He took office on January 23, 2004, and left office in February 2009.He is currently Vice-Chairman International of Credit Suisse.Mulford was born in Rockford, Illinois...

, and Lawrence H. Summers.

Duties

The Under Secretary leads the development and implementation of policies in the areas of international finance

International finance

International finance is the branch of economics that studies the dynamics of exchange rates, foreign investment, global financial system, and how these affect international trade. It also studies international projects, international investments and capital flows, and trade deficits. It includes...

, trade in financial services, investment, economic development, international debt. It also leads the development of policies on U.S. participation in the International Monetary Fund

International Monetary Fund

The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

, the World Bank

World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

, and the other multilateral development banks (including the Inter-American Development Bank

Inter-American Development Bank

The Inter-American Development Bank is the largest source of development financing for Latin America and the Caribbean...

, the African Development Bank

African Development Bank

The African Development Bank Group is a development bank established in 1964 with the intention of promoting economic and social development in Africa...

, the Asian Development Bank

Asian Development Bank

The Asian Development Bank is a regional development bank established on 22 August 1966 to facilitate economic development of countries in Asia...

, and the European Bank for Reconstruction and Development

European Bank for Reconstruction and Development

Founded in 1991, the European Bank for Reconstruction and Development uses the tools of investment to help build market economies and democracies in 30 countries from central Europe to central Asia. Its mission was to support the formerly communist countries in the process of establishing their...

). The Under Secretary also coordinates financial market policy with the G7 industrial nations.