Latest news with #Gopinath
IOL News
3 hours ago
- Business
- IOL News
Gita Gopinath bids farewell to IMF as she returns to academia
Gita Gopinath was the first female chief economist in the Intertational Monetary Fund history. Image: Supplied The International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, has announced that Gita Gopinath, the current First Deputy Managing Director (FDMD), will be leaving the organisation at the end of August. After more than four years at the IMF, where she served as chief economist before her promotion to FDMD in January 2022, Gopinath is set to return to her academic roots as the inaugural Gregory and Ania Coffey Professor of Economics at Harvard University. Georgieva said Gopinath has been an outstanding colleague—an exceptional intellectual leader, dedicated to the mission and members of the Fund, and a fabulous manager, always showing genuine care for the professional standing and wellbeing of the IMF staff. "She came to the Fund as a highly respected academic in macroeconomics and international finance," Georgieva said. "Admiration for Gita only grew through her time at the Fund, where her analytical rigor was paired with practical policy advice to the membership during an especially challenging period, which included the pandemic, wars, the cost-of-living crisis, and major shifts in the global trading system." During her tenure, Gopinath was instrumental in steering the IMF's analytical and policy work, focusing on fiscal and monetary policy, debt management, and international trade during a time marked by uncertainty and complexity. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Georgieva noted that Gopinath played a vital role in advising on critical country programs, particularly in Argentina and Ukraine, representing the Fund with integrity in influential international groups like the G7 and G20. Gopinath, who made history as the first female chief economist of the IMF, was commended for her dual ability to engage in rigorous analytical work while maintaining collaboration with her colleagues and staff. Under her stewardship, the World Economic Outlook remained the preeminent report on the global economy—an especially impressive achievement during the Covid-19 pandemic which presented an unprecedented challenge to our membership. Gopinath also spearheaded the Fund's work on the Integrated Policy Framework (IPF), which provides a robust analytical framework to help countries determine the appropriate policies for macroeconomic and financial stability. She also co-authored the Pandemic Plan on how to end the COVID19 crisis—a landmark intellectual contribution which has widely been hailed as filling an important global gap by setting targets to vaccinate the world at feasible cost As Gopinath prepares to return to academia, she expressed her gratitude for the opportunity to serve at the IMF during such a tumultuous period. "I am truly grateful for my time at the IMF, first as Chief Economist and then as First Deputy Managing Director. I have had the privilege of working closely with the IMF's brilliant and committed staff, colleagues in management, the Executive Board, and country authorities," she said. "I am especially thankful to Kristalina and her predecessor, Christine Lagarde, for the once-in-a-lifetime opportunity to serve the IMF's membership during a period of unprecedented challenges. 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." The IMF said a successor to Gopinath will be named in due course by Georgieva. BUSINESS REPORT
NDTV
7 hours ago
- Business
- NDTV
Who Is Gita Gopinath, IMF's No 2 Economist Set To Return To Harvard
Indian-origin economist Gita Gopinath will step down as the First Deputy Managing Director of the International Monetary Fund (IMF) at the end of August. She will return to Harvard University as a professor of economics, the IMF said on Monday. Calling her stint at the IMF a "once in a lifetime opportunity," Ms Gopinath thanked IMF Managing Director Kristalina Georgieva and her predecessor, Christine Lagarde, who appointed her as chief economist. "I now return to my roots in academia," she said, "to continue pushing the research frontier in international finance and macroeconomics." Who Is Gita Gopinath? Gita Gopinath was born on December 8, 1971 in Kolkata, India, into a Malayali Hindu Nair family from Kannur, Kerala. She is related to the late communist party politician A K Gopalan. Ms Gopinath studied at Nirmala Convent School in Mysuru and earned her BA in Economics from Lady Shri Ram College in 1992, followed by an MA from the Delhi School of Economics in 1994. She received a second MA from the University of Washington in 1996 and completed her PhD in Economics at Princeton in 2001. In 2001, she joined the University of Chicago Booth School of Business as an assistant professor. In 2005, she moved to Harvard University's economics department, where she later became the John Zwanstra Professor of International Studies and Economics. Gita Gopinath became the first woman to serve as Chief Economist of the IMF in October 2018. During the COVID-19 crisis, she co-authored the Fund's "Pandemic Paper," which led to the formation of a Multilateral Task Force with the World Bank, WHO, and WTO. In June 2021, she joined the World Bank-IMF High-Level Advisory Group on Sustainable and Inclusive Recovery. The IMF promoted her to First Deputy Managing Director in December 2021. She also co-directed the International Finance and Macroeconomics Programme at NBER and advised the Federal Reserve Banks of Boston and New York. Ms Gopinath served as economic adviser to Kerala Chief Minister Pinarayi Vijayan. She was appointed to this honorary role in July 2016. Ms Gopinath is a naturalised American citizen and holds Overseas Citizen of India (OCI) status. She is married to Iqbal Singh Dhaliwal, a classmate from the Delhi School of Economics, and they have a son named Rohil, born in 2002.
India.com
11 hours ago
- Business
- India.com
Gita Gopinath, the first female chief economist in IMF history to leave in August, she is quitting because...
Gita Gopinath- File image Gita Gopinath leaves IMF: In a significant development for global economy, Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF), will be stepping down from her role in August 2025. The IMF First Deputy Managing Director has indicated that she will be leaving IMF so as to return to academia at Harvard University. Here are all the details you need to know about Gita Gopinath and why she has decided to step down. The recent development about Gopinath's departure has been confirmed by the IMF's Managing Director Kristalina Georgieva and it is also being said that a successor to the prestigious post will be named 'in due course.' When did Gita Gopinath join IMF? Gopinath first joined the IMF in 2019 as Chief Economist, becoming the first woman to hold the position. Her leadership during a time of extraordinary global economic upheaval, including the COVID-19 pandemic and the resulting macroeconomic disruptions, was widely recognised. Gita used to served as the John Zwaanstra Professor of International Studies and Economics at Harvard University before joining IMF as the First Deputy Managing Director (FDMD). The IMF played a key role in shaping the global economic response to crises under her leadership. The most impactful moments during her tenure includes the COVID-19 pandemic, supply chain shocks, debt distress in developing countries, and climate finance challenges. In January 2022, she was promoted to First Deputy Managing Director, the Fund's No. 2 position. In a post on X, Gopinath reflected on her nearly seven-year tenure at the Fund and expressed gratitude for the opportunity to serve at one of the world's foremost financial institutions. Why Gita Gopinath is leaving IMF? 'After nearly 7 amazing years at the IMF, I have decided to return to my academic roots. On September 1, 2025, I will rejoin @HarvardEcon as the inaugural Gregory and Ania Coffey Professor of Economics. I am truly grateful for my time at @IMFnews, first as Chief Economist and then as First Deputy Managing Director,' Gita Gopinath wrote. (With inputs from agencies)
Time of India
13 hours ago
- Business
- Time of India
Gita Gopinath education qualifications: When LSR built the base, DSE shaped the vision, and Princeton led her to the IMF
Gita Gopinath to quit IMF and return to Harvard as professor of economics in August. (image source: Gita Gopinath's journey from Indian classrooms to the commanding heights of global economic policy is one of vision, intellect, and relentless pursuit. Now, as she prepares to step down from her role as First Deputy Managing Director at the International Monetary Fund (IMF) and return to Harvard University in August 2025, her story comes full circle—back to academia, the world that first nurtured her passion for economics. Her rise to global prominence was no accident. It was built on the solid foundation of Indian institutions like Lady Shri Ram College for Women (LSR) and the Delhi School of Economics (DSE), further sharpened by her Ph.D. training at Princeton University. Each chapter of her education carved the path that would eventually lead her to become one of the most respected economists in the world. Now, as she transitions back to Harvard, this time bringing with her the experience of having helped steer global economic policy through historic crises, her academic legacy becomes an even greater source of inspiration for students in India and beyond. A foundation built in India Born on December 8, 1971, in Kolkata to a Malayali family from Kerala, Gita was raised in Mysore, Karnataka. Her early schooling at Nirmala Convent School laid the groundwork for a lifelong love of learning. But it was in Delhi that her academic identity began to take shape. She joined Lady Shri Ram College (LSR), one of India's premier institutions for women, where she pursued a bachelor's degree in economics. It was here that Gopinath's intellectual curiosity was sharpened. Professors at LSR recall her as meticulous, observant, and unusually driven. From LSR, she moved to the Delhi School of Economics (DSE), another revered institution under Delhi University, where she earned her master's degree in 1994. These years were pivotal, not just in terms of academic knowledge, but in the way they exposed her to the complexities of economic theory and real-world application. Her grounding in the Indian education system, with its rigorous focus on theory and fundamentals, would later serve as a valuable lens through which she interpreted global economic trends. The Ivy League chapter Armed with two degrees from India, Gopinath made her way to the United States, where she first earned an M.A. in economics from the University of Washington and then a Ph.D. from Princeton University. At Princeton, she studied under some of the most influential economists of the time, including Ben Bernanke, Kenneth Rogoff, and Pierre-Olivier Gourinchas—names that would later become closely linked to global economic policymaking. Her doctoral thesis, 'Three Essays on International Capital Flows: A Search Theoretic Approach' , showcased the clarity and ambition of a young economist eager to decode the mechanisms of international finance. Her research earned her Princeton's prestigious Woodrow Wilson Fellowship Research Award. The academic powerhouse Gopinath's academic career began at the University of Chicago Booth School of Business, where she joined as an assistant professor in 2001. Four years later, she made the leap to Harvard University, eventually becoming the John Zwaanstra Professor of International Studies and Economics. At Harvard, she produced influential work on exchange rate dynamics and global trade, including research that questioned long-held beliefs about currency policies and border taxes. Simultaneously, she played leadership roles in economic research circles, as co-director of the International Finance and Macroeconomics program at the National Bureau of Economic Research, a co-editor at the American Economic Review, and a visiting scholar at the Federal Reserve Bank of Boston. But academia wasn't her only sphere. In a brief but notable policy role in India, she served as the honorary economic adviser to the Chief Minister of Kerala: a nod to her roots and her growing international stature. Entering the global arena In October 2018, the IMF appointed her as its Chief Economist: the first woman and the second Indian (after Raghuram Rajan) to hold the post. At the time, she was set to return to her academic life, but the world had other plans. The COVID-19 pandemic hit, and Gopinath became a central figure in crafting the IMF's economic response. Her co-authored "Pandemic Paper" laid out a global strategy to tackle vaccine inequality. It didn't stay on paper—it led to the creation of a Multilateral Task Force involving the IMF, World Bank, WHO, and WTO. Her influence extended beyond economics to life-saving logistics, helping low-income nations access vaccines and rebuild from crisis. The IMF's second-in-command In December 2021, she was promoted to the role of First Deputy Managing Director at the IMF. Today, she is responsible for steering the fund's global surveillance work, leading high-level engagements with governments, and overseeing flagship research publications. It's a job that blends diplomacy, economics, and crisis management on a planetary scale. IMF Managing Director Kristalina Georgieva called her 'the right person at the right time', a description that now echoes across economic summits and policy forums. Rooted in India, leading the world Gita Gopinath's journey is more than a tale of personal success: it's an inspiring blueprint for Indian students navigating the intersection of local learning and global ambition. From Lady Shri Ram College to Princeton, from Delhi School of Economics to the IMF, her story proves that intellectual discipline, when paired with bold vision, can reshape global institutions. And while her current job demands her presence in Washington D.C. and at international summits, her journey remains deeply rooted in Indian soil. Every student walking through the gates of a Delhi University college today carries the quiet possibility of becoming the next Gita Gopinath. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
Indian Express
14 hours ago
- Business
- Indian Express
Who is Gita Gopinath, Indian-origin economist who quit top IMF post to rejoin Harvard?
Indian-American economist Gita Gopinath, who is serving as the first deputy managing director at the International Monetary Fund (IMF), announced that she is stepping down from her position and returning to her academic career. In a social media post, Gopinath said that she is rejoining Harvard University as an economics professor. 'After nearly 7 amazing years at the IMF, I have decided to return to my academic roots,' Gopinath, the first female chief economist in IMF history, said in a post on X. The Indian-origin economist will step down from her position at IMF in August, and rejoin the Harvard Economics Department on September 1 as the inaugural Gregory and Ania Coffey Professor of Economics. Gita Gopinath is an Indian-American economist, currently serving as the the first deputy managing director at the International Monetary Fund (IMF) since January 21, 2022. Gopinath was born in Kolkata in 1971. She holds an economics degree from the Delhi School of Economics and also from Delhi University. She then moved to the United States to pursue her MA degree from the University of Washington. She later earned her PhD from Princeton University. Gopinath joined the IMF in January 2019 as chief economist and was promoted to the post of first deputy managing director in January 2022. Prior to joining the IMF, Gopinath was the John Zwaanstra Professor of International Studies and of Economics at Harvard University's economics department from 2005 to 2022. Before joining Harvard, she was an assistant professor of economics at the University of Chicago's Booth School of Business from 2001 to 2005. IMF Managing Director Kristalina Georgieva described Gopinath as an 'outstanding colleague—an exceptional intellectual leader, dedicated to the mission and members of the Fund, and a fabulous manager, always showing genuine care for the professional standing and wellbeing of our staff.' Gopinath also co-authored the 'Pandemic Plan' on how to end the COVID-19 crisis, a contribution which has widely been hailed as filling an important global gap by setting targets to vaccinate the world at feasible cost, Georgieva said. (With inputs from PTI)
