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India’s Krishna Srinivasan to head IMF’s Asia-Pacific dept

India's Krishna Srinivasan to head IMF's Asia-Pacific dept_4.1

International Monetary Fund, Managing Director Kristalina Georgieva has announced the appointment of Indian national Krishna Srinivasan as director of the Asia and Pacific Department (APD) from June 22. Srinivasan will succeed Changyong Rhee whose retirement from the Fund was announced on March 23.

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Why Srinivasan has appointed as director?

Mr. Srinivasan has more than 27 years of Fund experience, starting in 1994 in the Economist Program. He is currently a Deputy Director in APD where he oversees the department’s surveillance work on a number of large and systemically important countries such as China and Korea, and smaller states in the Pacific such as Fiji and Vanuatu.

Career of Srinivasan:

  • Mr. Srinivasan holds a PhD (Honors) in Economics from Indiana University, a Master’s in Economics from the Delhi School of Economics, and a Bachelor’s (Honors) in Economics from the University of Delhi.
  • Prior to joining the Fund, Mr. Srinivasan was an Assistant Professor of Economics and International Finance at Indiana-Purdue University and a consultant at the World Bank in DC and the Center for Policy Research and Planning Commission in New Delhi.
  • His wide research on Asia, Latin America, and the Caribbean, and on climate and other economic and development issues has appeared in books, academic journals, and media publications.

Important takeaways for all competitive exams:

  • IMF Formation: 27 December 1945;
  • IMF Headquarters: Washington, D.C., United States;
  • IMF Member Countries: 190;
  • IMF MD: Kristalina Georgieva.

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