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After serving as a diplomat in the mid-1940s, Godoy was employed at the Foreign Ministry and served on the Board of Directors of the Reserve Bank. He was appointed Deputy Governor of the Central Bank of the Dominican Republic in 1955. In 1963, he served as foreign minister under Juan Bosch, who's government was overthrown later that year. Afterwards he temporarily acted as president, and organized the 1966 elections in which Joaquín Balaguer regained the presidency. Balaguer subsequently appointed him as ambassador to the United States, serving until 1969.