Indian-American Gita Gopinath, chief economist of the International Monetary Fund, is being promoted as the primary deputy managing director of the IMF, the fund introduced on Thursday.
She will substitute Geoffrey Okamoto Plans to go away the fund early subsequent 12 months, Gopinath, who was resulting from return to her tutorial place at Harvard University in January 2022, has served because the IMF’s chief economist for 3 years.
IMF Managing Director Kristalina Georgieva mentioned, “Geoffrey and Geeta are both tremendous partners – I am sad to see Geoffrey leaving, but at the same time, I am glad that Geeta has decided to stay on as our FDMD and accept the new responsibility. has done.” ,
Georgieva mentioned Gopinath’s contributions to the fund’s work have already been distinctive, notably “his intellectual leadership in helping the global economy and the fund navigate the twists and turns of the worst economic crisis of our lives.”
She additionally famous that Gopinath – the primary girl chief economist in IMF historical past – has gained respect and admiration in member nations and within the establishment with a confirmed observe report in working analytically rigorous on a variety of points.
Under Gopinath’s management, the IMF’s analysis division had moved from “strength to strength”, notably highlighting its contribution to multilateral monitoring by way of the World Economic Outlook, serving to nations reply to worldwide capital flows (built-in coverage framework). A brand new analytical method to assist the virus, and IMF managing director mentioned Gopinath lately labored out a pandemic plan to finish the Covid-19 disaster by setting targets to vaccinate the world.
“As the pandemic continues its grip on us, fund work has never been more important and international cooperation has never been more important. I am extremely grateful to Kristalina and the board for this opportunity, and therefore look forward to working closely with all the incredibly talented and committed collaborators at the fund, whom it has been an absolute privilege to work with,” mentioned Gopinath.
Georgieva famous that given the more and more complicated coverage decisions and troublesome trade-offs dealing with the IMF’s 190 member states – exacerbated by the pandemic – there may be some re-evaluation within the roles and tasks of the fund’s senior administration workforce.
Specifically, the FDMD will lead monitoring and associated insurance policies, oversee analysis and main publications, and assist promote the best high quality requirements for IMF publications, she mentioned.
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With inputs from TheIndianEXPRESS
