The International Monetary Fund (IMF) has named a new Chief Economist Gita Gopinath, the first woman to have taken the role.
Gopinath will replace Maurice Obstfeld in the position.
She is a retiring professor at the Harvard University; a co-editor of the American Economic Review and co-editor of the Handbook of International Economics.
The new IMF Chief Economist has a US and Indian citizen but grew up in India and is best known for her work on exchange rates.
“Gita is a thoughtful and accomplished economist with the intellectual gravitas to push the IMF’s analytical work in new and interesting directions,” a senior fellow at the Brookings Institution Eswar Prasad said.
“She is a worthy successor to a long line of distinguished economists who have led the IMF’s research department.
“Her intellectual acumen will help the IMF better guide its member countries, especially developing countries, to deal with the complex economic and social challenges wrought by globalisation.”