Former RBI deputy governor Subir Gokarn was appointed as an executive director of the International Monetary Fund (IMF) on Thursday.
Besides India, Gokarn will represent Bangladesh, Sri Lanka and Bhutan on the Washington-based IMF’s executive board, which is responsible for conducting the day-to-day business of the multilateral institution.
Gokarn’s name was cleared by the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi, as per an order issued by the department of personnel and training.
On the IMF executive board, Gokarn will replace Rakesh Mohan, whose three year tenure ends this month.
grouping of India, Bangladesh, Sri Lanka and Bhutan would be represented by Gokarn with a total casting vote of 2.8 percent. This includes more than 2.3 per cent for India.
- Indo-US top Defence brass discuss about exchange and co-operation in the Indo-Pacific region - July 30, 2021
- July 28th, Wednesday, Daily Global Insights Headlines - July 29, 2021
- India and United States reaffirm commitment to strengthen democratic institutions. Blinken meets Dalai Lama’s representative - July 28, 2021