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Padoan to be named economy minister, OECD sources say

Chief economist of global agency headed to Rome to join cabinet

21 February, 15:11
Padoan to be named economy minister, OECD sources say (ANSA) - Rome, February 21 - Pier Carlo Padoan, chief economist of the OECD, will be named Italy's economy minister, sources at the organization said Friday. Padoan, a former economics professor in Rome who also worked for the International Monetary Fund, left early from meetings of the G20 in Sydney, Australia, OECD sources said.

In addition to the chief economist post, Padoan has been deputy secretary-general of the Organization for Economic Cooperation and Development (OECD) since June 2007 and previously served as an economics advisor to Italian premiers Massimo D'Alema and Giuliano Amato, in charge of international economic policies. Premier-designate Matteo Renzi was pulling together a cabinet on Friday, to present to parliament on Monday and Tuesday for confidence votes.