Gita Gopinath to become IMF's first deputy managing director
- Indian-American Gita Gopinath is set to become the First Deputy Managing Director (FDMD)
- Mysore-born Gita Gopinath is the first-ever woman Chief Economist of the International Monetary Fund (IMF).
- Gita Gopinath had been an economic advisor to the Chief Minister of Kerala Pinarayi Vijayan in 2016.
- The IMF's Managing Director serves as both the chairman of the Executive Board and the leader of the organization's personnel.
- The Executive Board appoints the Managing Director by vote or consensus.
- 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
- Establishment: In 1944 at the Bretton Woods Conference and came into operation on 27th December 1945.
- Headquarter: Washington, D.C. (USA).
- IMF focuses on fostering global monetary cooperation, securing financial stability, facilitating and promoting international trade, employment, and economic growth around the world
- The International Monetary Fund (IMF) is a 189-country membership organisation.
- The IMF is a specialized agency of the United Nations.
Objectives of IMF
- Encourage international monetary cooperation.
- Financial stability is assured.
- Facilitate international commerce, promote high employment and long-term economic growth, and alleviate global poverty.