news agency

IMF Chief Economist Gita Gopinath will step down in January 2022

The chief economist of the International Monetary Fund (IMF), Gita Gopinath, will leave her position in the multilateral organization in January 2022 to return to the Department of Economics at Harvard University.

This was announced by the managing director of the IMF, Kristalina Georgieva, in a statement in which she thanked Gopinath’s contribution during her time in that leadership position and assured that the impact of her work was “tremendous”.

Gopinath made history as the first female chief economist of the IMF and we greatly benefit from his keen intellect and deep understanding of international finance and macroeconomics as we navigate the worst economic crisis since the Great Depression.“Georgieva pointed out.

Gopinath replaced in 2019 Maurice Obstfeld, who had held the position since 2015, thus becoming the first woman to head the prestigious Research Department of the IMF.

According to the IMF, Harvard University had extended Gopinath’s leave of absence by one year in an “exceptional” way, which has allowed him to lead the economic direction of the Washington-based organization for three years.

Georgieva She also explained that the Indian economist earned the respect and admiration of her colleagues at the IMF “for leading analytically rigorous work and policy-relevant projects with high impact and influence.”

The position he is leaving now Gopinath, PhD in economics from Princeton University, is key in the IMF’s organization chart, since it is in charge of coordinating the global forecast reports that are published every six months, considered a reference for markets and governments.

Before joining the Fund, Gopinath She was a professor of International Studies and Economics at Harvard University, a center to which she will return in a few months.

This announcement comes at a difficult time for the IMF after Georgieva was recently accused of favoring China in the report “Doing Business”When he ran the World Bank (WB).

The Wilmer Hale law firm pointed out in a report released on September 16 that several senior WB officials, including Georgieva, then put pressure from within the body in a “way.improper“To improve China’s ranking in its periodic report”Doing Business”.

The purported goal was to improve his ranking at a time when the BM sought the support of Beijing to increase its capital, although Georgieva stated that he disagrees “fundamental”With the findings and interpretations of that independent investigation.

For its part, the executive board of the IMF last week expressed his “full confidence“In Georgieva by ensuring that the review of the accusations to favor China does not show”an inappropriate role”By the Bulgarian economist.

.

You may also like

Hot News

TRENDING NEWS

Subscribe

follow us