Posted By PFM Blog Administrator
Carolina Renteria has recently taken over from Richard Hughes as Chief of the PFM1 Division in the IMF’s Fiscal Affairs Department. In this article, which is extracted from a longer conversation with Richard Allen, Carolina describes her previous career, and the fresh approaches and perspectives she plans to bring to her work in FAD.
RA: Carolina, could I start by asking you to briefly summarize your professional career so far? What skills and expertise do you bring to your new job in FAD?
CR: I come from Colombia, worked for 10 years in PFM areas as Senior Advisor to the Fiscal Council and Budget Director in the Ministry of Finance, and as Director of the National Planning Department (equivalent to being Minister of Planning). That experience gave me a very broad view of how the functions of planning, budgeting, and public finance relate to each other. For example, when I was Budget Director, we introduced a medium-term expenditure framework in Colombia for the first time. As advisor to the Fiscal Council, we were responsible for the calculation of fiscal rules and the consolidation of fiscal data. Later, I became Executive Director for Colombia at the World Bank and, from 2013-2016, I was Lead Economist in Africa for the World Bank’s macro-fiscal global practice. During this time I provided technical assistance (TA) on public investment management and other fiscal issues. My Bank experience gave me an opportunity to expand my regional knowledge, and also to assess and understand the varying levels of institutional capacity in the countries of sub-Saharan Africa.