Who: Subir Gokarn
What: Appointed as IMF’s Executive Director
When: 12 November 2015
Former Deputy Governor of Reserve Bank of India Subir Vithal Gokarn on 12 November 2015 was appointed as an Executive Director on the board of the International Monetary Fund (IMF).
Gokarn will replace Rakesh Mohan at the IMF. Mohan’s three year tenure ends in November 2015.
Gokarn’s name was cleared by Appointments Committee of Cabinet presided by Prime Minister Narendra Modi, as per an order issued by the Department of Personnel and Training.
The former Deputy Governor of RBI will represent India, Bangladesh, Sri Lanka and Bhutan on IMF’s Executive Board. The Board is responsible for conducting the day-to-day business of the multilateral institution.
IMF’s Executive Board is composed of 24 Directors, who are elected by member countries or by groups of countries, and the Managing Director, who serves as its Chairman. The Board conducts its meeting several times in a week and carries out its work largely on the basis of papers prepared by IMF management and staff.
Gokarn had served as one of the four Deputy Governors of the Reserve Bank of India along with Anand Sinha, K C Chakrabarty and H R Khan. Prior to his appointment as the Deputy Governor of RBI, he worked as the Chief Economist of global rating agency Standard and Poor’s (S&P) Asia-Pacific from 2007 to 2009.
Gokarn obtained his bachelor’s degree in Economics from St Xavier’s College, Mumbai. He completed his MA in Economics from Delhi School of Economics. He obtained his PhD in Economics from Case Western Reserve University of Cleveland, Ohio.