Latest news with #KristalinaGeorgieva
Zawya
a day ago
- Business
- Zawya
IMF says No. 2 official, Gopinath, leaving at end-August to return to Harvard
WASHINGTON: 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 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. 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. (Reporting by Andrea Shalal and David Lawder; Editing by Rod Nickel)
Yahoo
a day ago
- Business
- Yahoo
IMF says No. 2 official, Gopinath, leaving at end-August to return to Harvard
By Andrea Shalal and David Lawder 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 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. 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. Solve the daily Crossword
Al Jazeera
2 days ago
- Business
- Al Jazeera
IMF says Gita Gopinath leaving at end of August to return to Harvard
Gita Gopinath, the No. 2 official at the International Monetary Fund (IMF), will leave her post at the end of August to return to Harvard University, the IMF has said. IMF Managing Director Kristalina Georgieva will name a successor to Gopinath in 'due course', the financial institution said in a statement on Monday. 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 United States Department of the Treasury, which manages the dominant US shareholding in the IMF. While European countries have traditionally chosen the IMF's managing director, the US Treasury has traditionally recommended candidates for the first deputy managing director role. Gopinath is an Indian-born US 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. Her departure will offer the US Treasury a chance to recommend a successor at a time when President Donald Trump is seeking to restructure the global economy and end longstanding US 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 the school 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 National
2 days ago
- Business
- The National
IMF's Gita Gopinath to leave fund and rejoin Harvard University
Gita Gopinath, the second-highest ranking official at the International Monetary Fund, will be leaving her role next month to rejoin Harvard University, the IMF said on Monday. The IMF said Ms Gopinath will return to the Ivy League university, where she will be the inaugural Gregory and Ania Coffey Professor of Economics in the Department of Economics. She first joined Harvard in 2005 before being appointed to the IMF as its first female chief economist in 2019. Ms Gopinath was promoted to first deputy managing director in 2022. 'She came to the Fund as a highly respected academic in macroeconomics and international finance,' IMF Managing Director Kristalina Georgieva said in a statement. Ms Gopinath served as the fund's chief economist during the Covid-19 pandemic, which Ms Georgieva said was an 'unprecedented challenge to our membership'. Ms Gopinath also co-authored the fund's pandemic plan on how to end the Covid-19 crisis, which the fund touted as a key contribution in setting global vaccination targets at a doable cost. As first deputy managing director, Ms Gopinath oversaw the fund's surveillance and analysis on fiscal and monetary policy, debt and international trade. She most recently represented the IMF at the G-20 summit in KwaZulu-Natal, South Africa. There, she warned that economic uncertainty remains high due to downside risks dominating the global outlook. The fund is due to release its updated global economic forecast later this month. She also laid out multiple priorities for policymakers, including building resilience and boosting medium-term growth. The fund said Ms Georgieva will name Ms Gopinath's replacement 'in due course'. 'I am truly grateful for my time at the IMF, first as Chief Economist and then as First Deputy Managing Director,' Ms Gopinath said in a statement. '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.'
Reuters
2 days ago
- Business
- Reuters
IMF says No. 2 official, Gopinath, leaving at end-August to return to Harvard
WASHINGTON, July 21 (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 the role of first deputy managing director in January 2022.
