sentences:  After many years at the Bank of Mexico, Carstens took a position at the IMF and served as the deputy managing director – one of three deputies reporting to the director and the board— from 1 August 2003 to 16 October 2006.Carstens left the IMF to coordinate the economic policy program of Felipe Calderón, then president-elect of Mexico, who appointed him as secretary of finance shortly after the election was validated.On 26 March 2007, Carstens was additionally appointed as new chairman of the joint World Bank/IMF Development Committee, a position customarily occupied by a developing country finance minister.