Economist Gita Gopinath Gets Bigger Role And Responsibility At IMF, Members Have Hope From Her

Deep Gautam
5 Min Read

The Indian-origin economist Gita Gopinath was appointed as the First Deputy Managing Director of the International Monetary Fund. Gita Gopinath, until now, was serving at the IMF as the chief economist and demonstrated marvellous performance.

Economist Gita Gopinath will be the successor of Geoffrey Okamoto, whom the serving Managing Director of the International Monetary Fund, Kristalina Georgieva, appointed as the deputy managing director back in March 2020. In the backdrop of Geoffrey Okamoto’s plan to exit the prestigious organisation in the early months of the upcoming year, Gita Gopinath’s appointment as the Deputy Managing Director came as a surprise. Also, the IMF’s Managing Director, Kristalina Georgieva, on Thursday, revealed Jeoffrey’s decision to leave the organization.

Economist Gita Gopinath had initially decided to switch back to her previous job at Harvard University in the next month-January 2022. But it seems the IMF has convinced her to stay back and also promoted her to a more responsible position in the organization.

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During her tenure as the chief economist at the International Monetary Fund, economist Gita Gopinath has worked proactively to eliminate the coronavirus pandemic and insisted on vaccinating global citizens at an affordable price. Her strategy for curbing the deadly virus has brought her laurels.

On appointing economist Gita Gopinath as her deputy, she says, “Her specific skill set, mated with her experience of working at the International Monetary Fund as chief economist, distinguishes her as exceptionally qualified.” Under Gita Gopinath’s leadership, the research department of the International Monetary Fund has grown from “strength to strength,” with particular emphasis on its contributions to multilateral surveillance through the World Economic Outlook, a new analytical approach to assist countries in responding to international capital flows, and its contributions to multilateral surveillance through the World Economic Outlook, IMF MD Kristalina Georgieva further added.

The significant work of chief economist Gita Gopinath has impressed the global members of the money lending organisation with her excellent performance in dealing with various multiple issues at the same time. She proved herself a deserving economist by leading the organisation with her expertise.

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Kristalina Georgieva, IMF managing director, is optimistic that Gita Gopinath’s leadership will bolster the global economy while navigating through the economic crisis that followed the corona outbreak. Economist Gita Gopinath believes she is the right person at the right time to lead the organization.

IMF’s managing director, Kristalina Georgieva, said, “Both Geoffrey and Gita are fantastic colleagues; I am sad to see Geoffrey Okamoto leaving the IMF. On the other hand, I am thrilled that Gita has opted to stay and undertake the new responsibility of being our first deputy managing director (FDMD). “

Economist Gita Gopinath, the newly appointed First Deputy Managing Director of the IMF, said she is both honoured and humbled by the trust the IMF has put in her. She feels lucky to be a part of the extensive work done by the International Monetary Fund in the niche of public policy and economic research.

For me, it has been quite rewarding to see the great influence of our efforts on economies and the lives of people across the world. As the pandemic is still haunting us, the mission of the Fund has never been more crucial, and international cooperation has never been more important, “she added, thanking Georgieva and the IMF Board of Governors for the opportunity to address them.

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Kristalina Georgieva shaded light on the complex policies and trade-offs that the members of the IMF are facing. So, the IMF’s management is shuffling the roles to deal with the issues its 190 member countries are going through. She also pointed out that the IMF, under economist Gita Gopinath’s directors, will lead the surveillance and related policies and monitor research and flagship publications.

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