December 3, 2021
2 mins read

Gita Gopinath to take on new role at IMF

Gopinath’s new appointment was unexpected as she said in October that she had planned to return to Harvard University in January 2022….reports Asian Lite News

The International Monetary Fund (IMF) has announced that Gita Gopinath, currently chief economist of the IMF, is set to succeed Geoffrey Okamoto as the institution’s First Deputy Managing Director (FDMD) early next year.

“Especially given that the pandemic has led to an increase in the scale and scope of the macroeconomic challenges facing our member countries, I believe that Gita … has precisely the expertise that we need for the FDMD role at this point,” Xinhua news agency quoted IMF Managing Director Kristalina Georgieva as saying.

“Indeed, her particular skill set – combined with her years of experience at the Fund as Chief Economist – make her uniquely well qualified. She is the right person at the right time,” Georgieva said.

Georgieva also noted that some realignment in the roles and responsibilities of the IMF’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 Fund publications.

Gopinath, a US national and overseas citizen of India, will start in her new position as FDMD on January 21, 2022, according to the IMF.

Prior to joining the IMF as chief economist in early 2019, Gopinath was the John Zwaanstra Professor of International Studies and Economics in the economics department of Harvard University.

“I am honoured and humbled to become the IMF’s next FDMD,” Gita said in a statement. “As the pandemic continues its grip on us, the work of the Fund has never been more critical and international cooperation never more important.”

Gopinath’s new appointment was unexpected as she said in October that she had planned to return to Harvard University in January 2022.

Okamoto, who was appointed FDMD of the IMF in March 2020, plans to leave the IMF and return to the private sector early next year, according to the IMF.

“It’s been a privilege to be entrusted with leading the IMF during a period of crisis and an honour to serve alongside the world’s best minds tackling the world’s most complex economic issues,” Okamoto said.

ALSO READ: Pak trade balance worsens

Previous Story

Kuwait PM Kuwait’s armed forces prepared for any emergency

Next Story

Iran Firm on Terms at Vienna Talks

Latest from -Top News

G7 Sides with Israel in Escalating Conflict

The leaders said “Iran is the principal source of regional instability and terror.”…reports Asian Lite News Leaders of the G7 nations, meeting at a summit in Canada, issued a joint statement backing

Awami League Slams ‘Fascist’ Yunus

The videos from the protest shared on the party’s social media page showed several party activists marching through the streets of Dhaka in support of Hasina…reports Asian Lite News Hundreds of Awami

India Evacuates Students from Tehran

The Ministry also said that the Indian Embassy is continuously in touch with the community to provide all feasible assistance….reports Asian Lite News Amid rising tensions between Israel and Iran, India has

Trump: Get Out of Tehran Now!

The US President also announced that he would cut short his visit to the Group of 7 (G7) summit in Canada to closely monitor the situation …reports Asian Lite News US President

UN Slams Bangladesh’s Party Ban Law

UN noted that prohibiting political parties would hinder a genuine transition to multiparty democracy…reports Asian Lite News UN Human Rights Chief Volker Turk has voiced deep concern over recent legislative changes enacted
Go toTop

Don't Miss

UAE to participate in 2024 Spring Meetings of IMF, World Bank Group

The Spring Meetings of the International Monetary Fund and the

Tanzania allocates $39.2 mn for tourism recovery

Tanzania has allocated $39.2 million for implementation of 23 projects