The International Monetary Fund has announced that Tobias Adrian will step down as Financial Counsellor and Director of its Monetary and Capital Markets Department on August 31, 2026. Managing Director Kristalina Georgieva said Adrian has served in the role since 2017 and led the Fund’s macro-financial work through a period of major global shocks. During his tenure, Adrian oversaw the IMF’s work on financial sector surveillance, monetary and macroprudential policy, capital markets, digital finance, and financial stability. The department delivered policy advice, surveillance, program support, and capacity development across more than 100 countries annually, while his work also covered crisis management, debt vulnerabilities, exchange rate issues, the Global Financial Stability Report, the Integrated Policy Framework for capital flow volatility, and the Fund’s policy work on digital money and financial innovation.