Under Secretary Of The Treasury For International Affairs

Treasury’s top economic diplomat. As of January 13, 2023^[update], the under secretary is Jay Shambaugh.

United States Under Secretary of the Treasury for International Affairs
Seal of the Department of Treasury
Flag of an Under Secretary of the Treasury
Incumbent Jay Shambaugh since January 13, 2023
Department of the Treasury
Style	The Honorable
Reports to	Secretary of the Treasury Deputy Secretary of the Treasury
Seat	Treasury Building Washington, D.C.
Appointer	President of the United States with Senate advice and consent
Term length	No fixed term
First holder	David C. Mulford
Website	Official website

The Under Secretary leads the development and implementation of policies in the areas of international finance, 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, the World Bank, and the other multilateral development banks (including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development). The Under Secretary also coordinates international economic policies with the G7 and G20.

The Office of International Affairs (IA), led by the Under Secretary of the Treasury for International Affairs, has oversight of the following:

• Office of International Economic Analysis
• Assistant Secretary of the Treasury for International Finance
  • Office of Asia
  • Office of Europe and Eurasia
  • Office of Western Hemisphere
  • Office of Middle East and North Africa
  • Office of International Monetary Policy
  • Office of International Development Finance
    • United States Executive Director of the African Development Bank
    • United States Executive Director of the International Monetary Fund
    • United States Executive Director of the World Bank
    • United States Executive Director of the Asian Development Bank
    • United States Executive Director of the Inter-American Development Bank
    • United States Executive Director of the European Bank for Reconstruction and Development
• Assistant Secretary of the Treasury for International Trade and Development
  • Office of Trade and Investment Policy
  • Office of Investment, Energy, and Infrastructure
  • Office of International Financial Markets
  • Office of Technical Assistance
• Assistant Secretary of the Treasury for Investment Security
  • Office of Investment Security
    • Committee on Foreign Investment in the United States (CFIUS)

The Office of International Affairs also oversees the operations of the Exchange Stabilization Fund and the U.S.–China Strategic and Economic Dialogue.