Gita Gopinath: IMF First Deputy Managing Director

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• She is the first Indian to take up the second-highest position at the global economic body.

• Gopinath will take over from Geoffrey Okamoto on January 21, 2022.

• She was born in Kolkata in 1971. She now holds a United States citizenship and is an Overseas Citizen of India. 

• She was also the first woman chief economist in the history of the International Monetary Fund.

• She was awarded the Parvasi Bharatiya Samman in 2019 by the President of India. 

About IMF

•  The IMF was conceived in July 1944 at the United Nations Bretton Woods Conference

• The IMF is funded by quota subscriptions. Member states pay according to the size of their economy, and voting rights are based on this quota

• It is a specialized agency of the United Nations and is run by its 190 member countries

Primary aims of IMF

• Promote international monetary cooperation;

• Facilitate the expansion and balanced growth of international trade;

• Promote exchange stability;

• Assist in the establishment of a multilateral system of payments; and

• Make resources available (with adequate safeguards) to members experiencing balance-of-payments difficulties.