Gita Gopinath to take on new role at IMF as First Deputy Managing Director
Washington, Dec 3: Indian-American Gita Gopinath, the chief economist of International Monetary Fund, is being promoted as IMF's First Deputy Managing Director, the fund announced Thursday.
She would replace Geoffrey Okamoto who plans to leave the Fund early next year. Gopinath, who was scheduled to return to her academic position at Harvard University in January 2022, has served as the IMF's chief economist for three years.
"Both Geoffrey and Gita are tremendous colleagues I am sad to see Geoffrey go but, at the same time, I am delighted that Gita has decided to stay and accept the new responsibility of being our FDMD," said Kristalina Georgieva, IMF's Managing Director.
Georgieva said Gopinath's contribution to the Fund's work has already been exceptional, especially her "intellectual leadership in helping the global economy and the Fund to navigate the twists and turns of the worst economic crisis of our lives."
She also said Gopinath the first female chief economist in IMF history has garnered respect and admiration across member countries and the institution with a proven track record in leading analytically rigorous work on a broad range of issues.
Under Gopinath's leadership, the IMF's Research Department had gone from strength to strength, particularly highlighting its contributions in multilateral surveillance via the World Economic Outlook, a new analytical approach to help countries respond to international capital flows (the integrated policy framework), and Gopinath's recent work on a pandemic plan to end the COVID-19 crisis by setting targets to vaccinate the world at feasible cost, said the IMF's Managing Director.
"As the pandemic continues its grip on us, the work of the Fund has never been more critical and international cooperation never more important. I am very thankful to Kristalina and the Board for this opportunity, and so look forward to collaborating closely with all the incredibly brilliant and committed colleagues at the Fund, working with whom has been an absolute privilege," Gopinath said.
Georgieva noted that given the increasingly complex policy choices and difficult trade-offs facing the IMF's 190 member countries exacerbated by the pandemic some realignment in the roles and responsibilities of the Fund's senior management team is being undertaken.
In particular, the FDMD will take the lead on surveillance and related policies, oversee research and flagship publications and help foster the highest quality standards for IMF publications, she said.
I am honored to become the IMF’s First Deputy Managing Director. With the pandemic, the work of the Fund has never been more important. I look forward to working with my brilliant colleagues to help our membership face these important challenges.https://t.co/jpp3C7dRog
— Gita Gopinath (@GitaGopinath) December 2, 2021
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If Cong high command has to decide on leadership, they should do it before Feb: Parameshwara
Bengaluru (PTI): Karnataka Home Minister G Parameshwara on Tuesday said that if the Congress high command has to decide anything on the leadership issue, they should do it before the budget preparation in February.
He said, whether the leadership should be changed or not will be decided by the Congress high command.
"The budget preparation will begin in February, Roughly one more month. If the high command has to decide anything on this issue, they should decide before that," Parameshwara said in response to a question on the leadership issue.
Speaking to reporters here, he said, "Someone will have to prepare the budget, right? The budget has to be presented based on the assurance we have given to the people of the state. It will be done."
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To a question regarding some people staging a demonstration in Delhi, during the recent Congress Working Committee meeting, demanding that Prameshwara be made the CM, the Home minister said, "Those who say that Prameshwara should become CM, they would have said it out of affection towards me. How can I tell them not to say such things? You seem to be suggesting that I should tell them not to say such things."
On reports of a team of Congress leaders meeting AICC General Secretary K C Venugopal in Delhi, with a demand to make Parameshwara CM in case of leadership change, he said, "The Congress high command will have all the information. They will take information from the general secretary, and they also gather information in their own way."
"They know what has to be decided and when. Whether the leadership should be changed or not. All of this will be decided by them," he added.
Parameshwara, who had served as state Congress chief in the past, had himself last month said that he too was in the race to become the CM. Also, there has been demand for a "Dalit CM" within the Congress in case of leadership change, with Parameshwara as one of the prime contenders.
There have been speculations within the party circles too about Siddaramaiah's faction preferring Parameshwara or other senior leaders among them for the CM post, in case of any changes.
Asked about Congress MLA Iqbal Hussain's statement that there is a 200 per cent chance for Deputy CM D K Shivakumar to become the chief minister of the state on January 6 or 9, Parameshwara jokingly said, "Once Iqbal Hussain has said it is final. Whether I accept it or not is not the question."
ALSO READ: Congress and NCP (SP) to contest separately in Nagpur civic polls
Amid the leadership issue, Siddaramaiah, on December 19, had asserted on the floor of the Assembly that he would continue in office. He had also said that the Congress high command was in his favour and asserted that no decision was made on his staying at the helm for only two-and-a-half years.
Reacting to this, Shivakumar had said that he and CM Siddaramaiah have come to an agreement with the involvement of the Congress high command, and both of them will abide by it.
