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Home Business Banking

Gita Gopinath to become IMF’s first deputy managing director early in 2022

Gopinath would replace Geoffrey Okamoto who plans to leave the Fund early next year.

by NavJeevan
4 years ago
in Banking, Breaking News, Business, International Monetary Fund, National, World
Reading Time: 1 min read
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IMF stresses urgent need for more ambitious structural and financial sector reform measures in India
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NE BUSINESS BUREAU
WASHINGTON, DEC 3
IMF Chief Economist Gita Gopinath. NE FILE PHOTO

Indian-American Gita Gopinath, the chief economist of International Monetary Fund, 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. 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.

Georgieva said 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 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.

Tags: early in 2022Gita GopinathIMF's first deputy managing directorto become
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