IMF’s Second-in-Command Gita Gopinath to Step Down at the End of August

According to a report by Jinse Finance, the International Monetary Fund (IMF) announced in a statement that its second-in-command, Gita Gopinath, will step down at the end of August and return to Harvard University. The IMF stated that Managing Director Kristalina Georgieva will appoint Gopinath’s successor “in due course.” Gopinath joined the IMF in 2019 as the organization’s first female Chief Economist and was promoted to First Deputy Managing Director in January 2022. The U.S. Treasury Department has not yet commented on the matter. Traditionally, the IMF Managing Director is selected by European countries, while the First Deputy Managing Director is recommended by the U.S. Treasury Department.