The current economic advisor of the White House arises as a candidate to replace Gita Gopinath, which leaves the agency at the end of the month. The managing director, Kristalina Georgieva, will announce the designation before the October annual meetings.
He United States Government Evaluates proposing Pierre Yaredcurrent vice president of the Economic Advisors of the White House, as a candidate to occupy the second position in the International Monetary Fund (IMF), sources close to discussions pointed out on Monday.
The position will be vacant at the end of August, when GOPINATH GITAFirst Deputy Director Manager of the Agency, leave her position to return to Harvard University. According to the sources, the IMF managing director, Kristalina Georgievacurrently reviews the background of the possible successors and plans to announce their decision before the annual meetings of the IMF and the World Bank, scheduled for next month in Washington.
Yared, born in Beirut and raised in Cleveland, is a doctor in economics for the MIT and one of the best positioned names in the White House. Consulted about his candidacy, the Secretary of the Treasury, Scott BesentHe said that “three very strong candidates” are being evaluated, although he added: “I like Pierre.”
By tradition, the United States – Principal Shareholder of the IMF— Poure to the Deputy Manager of the Entity, while the European Union chooses the Fund’s Managing Director and Washington to the President of the World Bank. The position of number two of the IMF has under its orbit the Strategy, policy development and loan programs.
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Gita Gonopinath’s departure
The Deputy Director Manager of the International Monetary Fund (IMF) GOPINATH GITA will leave its position in the multilateral agency at the end of August to return to work in the Department of Economics of the Harvard University As of September 1.
After the financial institution confirmed the news, the IMF managing director Kristalina Georgieva He confirmed that he will appoint the successor of Gopinath, who had joined the organization in 2019 as a chief economist, in “in due time.”
Through her X account, the economist said that “after almost 7 incredible years” in the IMF would return to her “academic roots” as an economy teacher. “I am very grateful for my time in the IMF, first as a chief economist and then as the first managing deputy director,” the text continues.
“I had the privilege of working in close collaboration in the brilliant and committed personnel of the IMF, the colleagues of management, the executive directory and the national authorities,” said the Indian-American official.
“I am especially grateful to Kristalina Georgieva and her predecessor Cristine Legarde For the unique opportunity in life to serve the members of the IMF during an unprecedented period of challenges, “he said.
Source: Ambito
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