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Gita Gopinath, a professor at Harvard University, was chosen as the next chief economist of the International Monetary Fund. She will be the first woman to hold this position.
As chief economist of the IMF, an international organization that helps stabilize exchange rates and provides loans to developing countries and countries facing a financial crisis, Gopinath will oversee the organization's half-yearly economic forecast, known as the name of World Economic Outlook.
She will replace Maurice Obstfeld, who plans to retire in December.
"Gita is one of the most outstanding economists in the world, with flawless academic credentials, recognized intellectual leadership and extensive international experience," IMF Managing Director Christine Lagarde said in a statement.
Gita Gopinath is an outstanding economist with flawless academic credentials, a recognized track record of intellectual leadership, and extensive international experience. I am delighted to name such a talented personality as the chief economist of the IMF. https://t.co/meElAmfLX6
– Christine Lagarde (@Lagarde) October 1, 2018
Gopinath is currently co-director of the International Finance and Macroeconomics program at the National Bureau of Economic Research and Economic Counselor at the US Federal Reserve in New York. She has also served on an advisory group on G-20 issues for the Indian Ministry of Finance. In 2014, Gopinath was on the IMF's list of 25 economists under 45 years old.
Prior to teaching at Harvard, Gopinath was an adjunct professor at the Graduate School of Business at the University of Chicago.
Lagarde, who became the first woman head of the IMF in 2011, spoke of the need to increase the number of women in economic management positions.
Earlier this year, Lagarde said in a speech that fighting inequality between men and women would spur economic growth in developing countries and said it should be "politically incorrect" to only not have women on the boards.
California Sunday became the first state to compel companies whose headquarters are based to include women in their boards of directors. The law should face a legal challenge.
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