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12/2/2021, 10:26 PM (Source: TeleTrader)
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IMF's Gopinath to become deputy managing director

International Monetary Fund's chief economist Gita Gopinath (pictured) is set to replace First Deputy Managing Director Geoffrey Okamoto as the institution's second-ranking official next year.

"Especially given that the pandemic has led to an increase in the scale and scope of the macroeconomic challenges facing our member countries, I believe that Gita - universally recognized as one of the world's leading macroeconomists - has precisely the expertise that we need for the FDMD role at this point," IMF's head Kristalina Georgieva noted.

The management change comes as Okamoto prepares to leave the IMF in early 2022.

Baha Breaking the News (BBN) / ND