Gita Gopinath to become IMF’s first deputy managing director

• Indian-American Gita Gopinath, the IMF's chief economist, has been appointed to First Deputy Managing Director.
• Gopinath, who was set to return to her academic position at Harvard University in January 2022, has served as the IMF's chief economist for three years.
• Gita Gopinath is the first woman to hold the position of Chief Economist at the International Monetary Fund (IMF).

Important takeaways

About IMF

• IMF: International Monetary Fund
• Founded: 1944
• Managing director (MD) and Chairwoman: Kristalina Georgieva
• The International Monetary Fund (IMF) is an organization of 190 countries, that promotes global monetary cooperation, financial stability, international trade facilitation, high employment, and sustainable economic growth, and poverty reduction worldwide.
• Aim of IMF: The primary goal of the IMF is to maintain the stability of the international monetary system, which is the system of exchange rates and international payments that allows countries and their citizens to transact with one another.