[2] Prior to joining the IMF, Mr. Valdivieso was a Senior Researcher, Center for Latin American Monetary Studies, advisor to Bank and Securities Market Directorate of the Ministry of Finance and Public Credit in Mexico and advisor to the Superintendence of Banks of Ecuador.

In this capacity, he was also Governor for Peru in the Board of Governors of the World Bank and Inter-American Development Bank, as well as Chairman of the Board of the Andean Finance Corporation (CAF), the National Fund for the Financing of the Public Sector Entrepreneurial Activity (FONAFE), and member of the Board of the Peruvian National Retirement Investment Fund (ONP), the Private Investment Promotion Agency (PROINVERSION), and the Inter-ministerial Committee of Social Affairs (CIAS).

Most of Mr. Valdivieso’s professional career was at the International Monetary Fund (IMF), where he worked for 28 years starting in 1980.

During his career at the IMF, he played key roles in the negotiations of several major IMF-supported programs, as well as policy consultations, including Indonesia, Malaysia, Bangladesh, Sri Lanka, Cambodia, Laos, East Timor, Russia, Kazakhstan, Tajikistan, Armenia, Turkmenistan, Mexico, Colombia, Trinidad and Tobago, El Salvador and Somalia.

Mr. Valdivieso also was a Special Technical Advisor to the Ministry of Economy and Finance of Peru in 1991.