NDTV News

NDTV.com provides latest news from India and the world. Get today’s news headlines from Business, Technology, Bollywood, Cricket, videos, photos, live news coverage and exclusive breaking news from India.

https://www.ndtv.com/

«Right Person At The Right Time» : IMF's Gita Gopinath To Take Up Top Role.

'Right Person At The Right Time': IMF's Gita Gopinath To Take Up Top Role

IMF's chief economist Gita Gopinath will become the number two official next month.

Washington:

The IMF's high-profile chief economist Gita Gopinath next month will become the number two official at the Washington-based crisis lender, the fund announced Thursday.

Gopinath will succeed Geoffrey Okamoto as first deputy managing director, serving under IMF chief Kristalina Georgieva -- the first time two women have held the top leadership roles.

Georgieva call Gopinath "the right person at the right time" to take the leadership role.

"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 -- universally recognized as one of the world's leading macroeconomists -- has precisely the expertise that we need for the FDMD role at this point," Georgieva said in the statement.

"Indeed, her particular skill set -- combined with her years of experience at the Fund as Chief Economist -- make her uniquely well qualified."

Gopinath, who was appointed to her current role in October 2018, was due to return to her position at Harvard University in January but will now leave the university. She was born in India but also is a US citizen.

The economist, who leads the IMF team that produces the closely-watched quarterly World Economic Outlook, became a much more visible figure during the Covid-19 pandemic.

She displayed "intellectual leadership in helping the global economy and the Fund to navigate the twists and turns of the worst economic crisis of our lives," Georgieva said.

Gopinath said that "As the pandemic continues its grip on us, the work of the Fund has never been more critical and international cooperation never more important."

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Related news
Northeast braces for  «bomb cyclone»  winter storm

Northeast braces for «bomb cyclone» winter storm

Parts of the Northeast are likely to face a major winter storm this weekend that threatens the region with snow and hurricane-force winds. CBS News Philly meteorologist Llarisa Abreu joins "CBS News Mornings" with the latest forecast. CBS News Str...

Preview:  «Undeniable: The Truth to Remember»

Preview: «Undeniable: The Truth to Remember»

Holocaust survivor Ruth Steinfeld shares the harrowing story of how she was separated from her mother at the age of 7, a heart-wrenching decision that saved her life. See more on the CBS special "Undeniable: The Truth to Remember," Saturday, Janua...

WorldView: Boris Johnson vows to fight amid inquiry into lockdown parties.

WorldView: Boris Johnson vows to fight amid inquiry into lockdown parties.

The U.K.'s Boris Johnson has vowed to fight on as prime minister amid new calls to step down over lockdown parties in Downing Street. And Prince Andrew's lawyers have again asked a U.S. court to throw out a lawsuit accusing him of sexual abuse. CB...

Ukraine crisis: Germany’s offer to Ukraine of 5,000 helmets is ‘joke’, says Vitali Klitschko.

Ukraine crisis: Germany’s offer to Ukraine of 5,000 helmets is ‘joke’, says Vitali Klitschko.

The Mayor of Kyiv, former heavyweight boxing world champion Vitali Klitschko, has welcomed the increased support from NATO, but told Sky News some allies, like Germany, had to do much more. He branded Germany's offer of 5,000 military helmets to h...

Supreme Court Justice Stephen Breyer to announce retirement as Biden considers replacement.

Supreme Court Justice Stephen Breyer to announce retirement as Biden considers replacement.

President Biden will make a formal announcement on Thursday as Justice Stephen Breyer prepares to retire from the Supreme Court at the end of the term. CBS News political reporter Melissa Quinn joins "CBS News Mornings" with more details. CBS News...

Russia's Foreign Minister Criticizes U.S. Written Response On Ukraine

Russia's Foreign Minister Criticizes U.S. Written Response On Ukraine

Russian Foreign Minister Sergey Lavrov said the written response delivered by the U.S. over the Ukrainian crisis contained "no positive reaction" to Moscow's main concern. » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a coll...