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With Gopinath as IMF chief economist, 4 women now at apex of world economy

With Gopinath as IMF chief economist,  4 women now at apex of world economy

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  9 Jan 2019 6:51 AM GMT

United Nations: Four women will dominate the global economic policy sphere with eminent academic Gita Gopinath becoming the International Monetary Fund’s (IMF) chief economist. In a sign of growing women power, she along with her boss and IMF’s Managing Director Christine Lagarde, World Bank’s chief economist Pinelopi Koujianou Goldberg, and Kristalina Georgieva, the Bank’s CEO who will become its interim President next month, will have the leading role in guiding international financial policy as the world economy faces its severest stress in more than a decade.

They confront the confluence of a retreat from globalization, a trade war between China and the US, uncertainties in Europe over Brexit, weakening of several currencies against the dollar, shifts in foreign direct investments and the growing inequalities between nations and within countries.

Gopinath, who became the first woman to become the IMF’s chief economist, succeeded Maurice Obstfeld, who left the organization at the end of last year. When Lagarde announced in October Gopinath’s appointment with the formal title of Economic Counsellor and Director of the Research Department, she called her “one of the world’s outstanding economists, with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience”. “All this makes her exceptionally well-placed to lead our Research Department at this important juncture. I am delighted to name such a talented figure as our Chief Economist,” Lagarde said. Before coming to the IMF, Gopinath was professor of International Studies and Economics at Harvard University. (IANS)

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