Rodrigo Rato

Rodrigo Rato

Rodrigo de Rato y Figaredo (born 18 March 1949) is a Spanish political figure who served in the government of Spain as Minister of the Economy from 1996 to 2004; a member of the conservative People's Party (PP), he was also First Deputy Prime Minister from 2003 to 2004. Subsequently he was Managing Director of the International Monetary Fund (IMF) from 2004 to 2007.

Rato was appointed to become the Managing Director of the IMF on 4 May 2004, and took up his duties on 7 June 2004. He left his post at the IMF on 31 October 2007, following the World Bank-IMF Annual Meetings. He was president of Bankia between 3 December 2010 and 7 May 2012 until bankruptcy.