Latest news with #Georgieva
The Star
a day ago
- Business
- The Star
IMF first deputy managing director Gopinath to leave post in August
WASHINGTON, July 22 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Monday that Gita Gopinath, IMF's first deputy managing director, would be leaving the fund at the end of August to return to Harvard University. Gopinath joined the IMF in January 2019 as chief economist -- the first woman to serve in that role -- and was promoted to first deputy managing director in January 2022. Gopinath, who had left Harvard University to join the IMF, will return to the university as a professor of economics in the department of economics. Calling Gopinath "an outstanding colleague -- an exceptional intellectual leader," Georgieva said that "her analytical rigor was paired with practical policy advice to the membership during an especially challenging period, which included the pandemic, wars, the cost-of-living crisis, and major shifts in the global trading system." A successor to Gopinath is expected to be named "in due course" by Georgieva, according to an IMF statement. Traditionally, European countries have selected the fund's managing director, while the U.S. Treasury Department has played a key role in recommending candidates for the position of first deputy managing director -- widely regarded as the number two position in the organization's leadership hierarchy.
IOL News
2 days ago
- Business
- IOL News
Gita Gopinath bids farewell to IMF as she returns to academia
Gita Gopinath was the first female chief economist in the Intertational Monetary Fund history. Image: Supplied The International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, has announced that Gita Gopinath, the current First Deputy Managing Director (FDMD), will be leaving the organisation at the end of August. After more than four years at the IMF, where she served as chief economist before her promotion to FDMD in January 2022, Gopinath is set to return to her academic roots as the inaugural Gregory and Ania Coffey Professor of Economics at Harvard University. Georgieva said Gopinath has been an outstanding colleague—an exceptional intellectual leader, dedicated to the mission and members of the Fund, and a fabulous manager, always showing genuine care for the professional standing and wellbeing of the IMF staff. "She came to the Fund as a highly respected academic in macroeconomics and international finance," Georgieva said. "Admiration for Gita only grew through her time at the Fund, where her analytical rigor was paired with practical policy advice to the membership during an especially challenging period, which included the pandemic, wars, the cost-of-living crisis, and major shifts in the global trading system." During her tenure, Gopinath was instrumental in steering the IMF's analytical and policy work, focusing on fiscal and monetary policy, debt management, and international trade during a time marked by uncertainty and complexity. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Georgieva noted that Gopinath played a vital role in advising on critical country programs, particularly in Argentina and Ukraine, representing the Fund with integrity in influential international groups like the G7 and G20. Gopinath, who made history as the first female chief economist of the IMF, was commended for her dual ability to engage in rigorous analytical work while maintaining collaboration with her colleagues and staff. Under her stewardship, the World Economic Outlook remained the preeminent report on the global economy—an especially impressive achievement during the Covid-19 pandemic which presented an unprecedented challenge to our membership. Gopinath also spearheaded the Fund's work on the Integrated Policy Framework (IPF), which provides a robust analytical framework to help countries determine the appropriate policies for macroeconomic and financial stability. She also co-authored the Pandemic Plan on how to end the COVID19 crisis—a landmark intellectual contribution which has widely been hailed as filling an important global gap by setting targets to vaccinate the world at feasible cost As Gopinath prepares to return to academia, she expressed her gratitude for the opportunity to serve at the IMF during such a tumultuous period. "I am truly grateful for my time at the IMF, first as Chief Economist and then as First Deputy Managing Director. I have had the privilege of working closely with the IMF's brilliant and committed staff, colleagues in management, the Executive Board, and country authorities," she said. "I am especially thankful to Kristalina and her predecessor, Christine Lagarde, for the once-in-a-lifetime opportunity to serve the IMF's membership during a period of unprecedented challenges. I now return to my roots in academia, where I look forward to continuing to push the research frontier in international finance and macroeconomics to address global challenges, and to training the next generation of economists." The IMF said a successor to Gopinath will be named in due course by Georgieva. BUSINESS REPORT
Nikkei Asia
2 days ago
- Business
- Nikkei Asia
IMF No. 2 Gita Gopinath heads back to Harvard professorship
WASHINGTON (Reuters) -- Gita Gopinath, the No. 2 official at the International Monetary Fund, will leave her post at the end of August to return to Harvard University, the IMF said in a statement on Monday. IMF Managing Director Kristalina Georgieva will name a successor to Gopinath in "due course," the IMF said. Gopinath joined the fund in 2019 as chief economist -- the first woman to serve in that role -- and was promoted to first deputy managing director in January 2022. No comment was immediately available from the U.S. Treasury, which manages the dominant U.S. shareholding in the IMF. While European countries have traditionally chosen the fund's managing director, the U.S. Treasury has traditionally recommended candidates for the first deputy managing director role. Gopinath is an Indian-born U.S. citizen. The timing of the move caught some IMF insiders by surprise, and appears to have been initiated by Gopinath. Gopinath, who had left Harvard to join the IMF, will return to the university as a professor of economics. Gopinath's departure will offer Treasury a chance to recommend a successor at a time when U.S. President Donald Trump is seeking to restructure the global economy and end long-standing U.S. trade deficits with high tariffs on imports from nearly all countries. She will return to a university that has been in the Trump administration's crosshairs after it rejected demands to change its governance, hiring and admissions practices. Georgieva said Gopinath joined the IMF as a highly respected academic and proved to be an "exceptional intellectual leader" during her time, which included the pandemic and global shocks caused by Russia's invasion of Ukraine. "Gita steered the Fund's analytical and policy work with clarity, striving for the highest standards of rigorous analysis at a complex time of high uncertainty and rapidly changing global economic environment," Georgieva said. Gopinath has also overseen the fund's multilateral surveillance and analytical work on fiscal and monetary policy, debt and international trade. Gopinath said she was grateful for a "once in a lifetime opportunity" to work at the IMF, thanking both Georgieva and the previous IMF chief, Christine Lagarde, who appointed her as chief economist. "I now return to my roots in academia, where I look forward to continuing to push the research frontier in international finance and macroeconomics to address global challenges, and to training the next generation of economists," she said in a statement.
The Hindu
2 days ago
- Business
- The Hindu
Gita Gopinath leaving IMF in August to return to Harvard
Gita Gopinath, the No. 2 official at the International Monetary Fund, will leave her post at the end of August to return to Harvard University, the IMF said in a statement on Monday (July 21, 2025). IMF Managing Director Kristalina Georgieva will name a successor to Ms. Gopinath in "due course," the IMF said. Ms. Gopinath joined the fund in 2019 as chief economist — the first woman to serve in that role — and was promoted to first deputy managing director in January 2022. No comment was immediately available from the U.S. Treasury, which manages the dominant U.S. shareholding in the IMF. While European countries have traditionally chosen the Fund's managing director, the U.S. Treasury has traditionally recommended candidates for the first deputy managing director role. Ms. Gopinath is an Indian-born U.S. citizen. The timing of the move caught some IMF insiders by surprise and appears to have been initiated by Ms. Gopinath. Ms. Gopinath, who had left Harvard to join the IMF, will return to the university as a professor of economics. Ms. Gopinath's departure will offer Treasury a chance to recommend a successor at a time when U.S. President Donald Trump is seeking to restructure the global economy and end longstanding U.S. trade deficits with high tariffs on imports from nearly all countries. She will return to a university that has been in the Trump administration's crosshairs after it rejected demands to change its governance, hiring, and admissions practices. Ms. Georgieva said Ms. Gopinath joined the IMF as a highly respected academic and proved to be an "exceptional intellectual leader" during her time, which included the pandemic and global shocks caused by Russia's invasion of Ukraine. "Gita steered the Fund's analytical and policy work with clarity, striving for the highest standards of rigorous analysis at a complex time of high uncertainty and rapidly changing global economic environment," Ms. Georgieva said. Ms. Gopinath has also overseen the fund's multilateral surveillance and analytical work on fiscal and monetary policy, debt, and international trade. Ms. Gopinath said she was grateful for a "once in a lifetime opportunity" to work at the IMF, thanking both Ms. Georgieva and the previous IMF chief, Christine Lagarde, who appointed her as chief economist. "I now return to my roots in academia, where I look forward to continuing to push the research frontier in international finance and macroeconomics to address global challenges, and to training the next generation of economists," she said in a statement.
News18
2 days ago
- Business
- News18
Gita Gopinath To Exit IMF In August, Return To Harvard University As Economics Professor
Gopinath joined the fund in 2019 as chief economist – the first woman to serve in that role – and was promoted to first deputy managing director in January 2022. No comment was immediately available from the U.S. Treasury, which manages the dominant U.S. shareholding in the IMF. While European countries have traditionally chosen the Fund's managing director, the U.S. Treasury has traditionally recommended candidates for the first deputy managing director role. Gopinath is an Indian-born U.S. citizen. The timing of the move caught some IMF insiders by surprise, and appears to have been initiated by Gopinath. Gopinath, who had left Harvard to join the IMF, will return to the university as a professor of economics. Gopinath's departure will offer Treasury a chance to recommend a successor at a time when U.S. President Donald Trump is seeking to restructure the global economy and end longstanding U.S. trade deficits with high tariffs on imports from nearly all countries. She will return to a university that has been in the Trump administration's crosshairs after it rejected demands to change its governance, hiring, and admissions practices. Georgieva said Gopinath joined the IMF as a highly respected academic and proved to be an 'exceptional intellectual leader" during her time, which included the pandemic and global shocks caused by Russia's invasion of Ukraine. 'Gita steered the Fund's analytical and policy work with clarity, striving for the highest standards of rigorous analysis at a complex time of high uncertainty and rapidly changing global economic environment," Georgieva said. Gopinath has also overseen the fund's multilateral surveillance and analytical work on fiscal and monetary policy, debt, and international trade.
