IMF's Thomsen moves to new spot, replaced by Goyal

Rishi Goyal, the deputy chief of the Advanced Economies Unit in the International Monetary Fund’s European Department, is to replace Poul Thomsen as the organization’s head representative in the troika.

Thomsen, deputy director of the IMF’s European department, will replace Reza Moghadam, director of the IMF’s European department since 2011, for an interim period.

Moghadam will become a vice chairman at Morgan Stanley in the fall, working with sovereign clients globally in its capital markets business. Kathimerini understands that Goyal has already assumed his new duties and is preparing for his first visit to Greece in his new role.

It is expected that Thomsen will be present when troika representatives meet with Greek ministers in Paris at the beginning of September as he will be overseeing the country’s adjustment program from his new position.

The change of roles comes amid reports that there are thoughts of disbanding the troika.

According to Reuters, the European Commission is considering creating a new task force to work with Greece. Its role would be to monitor a six-year reform program that would be agreed with Greek authorities.

The reviews of this scheme would take place every six months, rather than the more frequent inspections from the troika.