fbpx
  Previous   Next
HomeBusinessInternational Monetary Fund Appoints Gita Gopinath As First Deputy Managing Director

International Monetary Fund Appoints Gita Gopinath As First Deputy Managing Director

The chief economist of the International Monetary Fund, Gita Gopinath, is being promoted as IMF’s First Deputy Managing Director, the fund announced on Thursday.

She would replace Geoffrey Okamoto who plans to leave the Fund early next year. Ms. Gopinath, who was scheduled to return to her academic position at Harvard University in January 2022, has served as the IMF’s chief economist for three years.

“Both Geoffrey and Gita are tremendous colleagues — I am sad to see Geoffrey go but, at the same time, I am delighted that Gita has decided to stay and accept the new responsibility of being our FDMD,” said Kristalina Georgieva, IMF’s Managing Director.

Ms. Georgieva said Ms. Gopinath’s contribution to the Fund’s work has already been exceptional, especially her “intellectual leadership in helping the global economy and the Fund to navigate the twists and turns of the worst economic crisis of our lives.”

She also said Ms. Gopinath — the first female chief economist in IMF history — has garnered respect and admiration across member countries and the institution with a proven track record in leading analytically rigorous work on a broad range of issues.

Under Ms. Gopinath’s leadership, the IMF’s Research Department had gone from “strength to strength,” particularly highlighting its contributions in multilateral surveillance via the World Economic Outlook, a new analytical approach to help countries respond to international capital flows (the integrated policy framework), and Ms. Gopinath’s recent work on a pandemic plan to end the COVID-19 crisis by setting targets to vaccinate the world at feasible cost, said the IMF’s Managing Director.

“As the pandemic continues its grip on us, the work of the Fund has never been more critical and international cooperation never more important. I am very thankful to Kristalina and the Board for this opportunity, and so look forward to collaborating closely with all the incredibly brilliant and committed colleagues at the Fund, working with whom has been an absolute privilege,” Ms. Gopinath said.

Ms. Georgieva noted that given the increasingly complex policy choices and difficult trade-offs facing the IMF’s 190 member countries — exacerbated by the pandemic — some realignment in the roles and responsibilities of the Fund’s senior management team is being undertaken.

In particular, the FDMD will take the lead on surveillance and related policies, oversee research and flagship publications and help foster the highest quality standards for IMF publications, she said.

More News

Sensex Sinks 1,546 Points, Nifty Ends Below 17,200

The sell-off continued on the fifth session on January 24 with benchmark indices losing nearly 3 percent each. At close, the Sensex was down 1,545.67...

Smriti Mandhana Named ICC Women’s Cricketer of The Year For 2021

India opening batter Smriti Mandhana on Monday won the Rachael Heyhoe Flint Award for the ICC Women's Cricketer of the Year for 2021. Despite...

Joe Root Named Men’s Test Cricketer of The Year For 2021

England captain Joe Root, as expected, won the ICC Men's Test Cricketer of the Year Award for 2021 after beating the likes of Kyle...

RELATED NEWS

Ola Electric Raises $200 Million To Reach $5 Billion Valuation

Ola Electric on Monday announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others. The latest round values...

PM Modi Tops List of Most Popular World Leaders In Morning Consult Survey

Prime Minister Narendra Modi has topped the global rating amongst world leaders with an approval rating of 71 per cent. On the list...

Sensex Slips 600 points, Nifty Ends Below 17,800

Benchmark indices ended lower on January 20 on the back of continues profit booking, with Nifty closing below 17800. At close, the Sensex was down...