Urjit Patel Appointed IMF Executive Director for 3-Year Term

In a move reflecting India’s continued influence in global economic forums, former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as an Executive Director at the International Monetary Fund (IMF). The appointment, formalized on August 28, 2025, marks Patel’s return to the international financial stage, now with greater responsibility and experience. This article explores his professional journey, key contributions, and the broader implications of his new role.

Urjit Patel’s Appointment to the IMF

On August 28, 2025, the Ministry of Personnel announced Urjit Patel’s appointment as IMF Executive Director for a term of three years.

Patel will represent India and other countries in his constituency at the IMF Board.

This marks another high-level international assignment for India in multilateral financial institutions.

Professional Background

Urjit Patel brings with him a rich and varied background.

  • Served as 24th Governor of the Reserve Bank of India from September 4, 2016, to December 10, 2018.

Held roles at,

  • IMF (past roles in India, US, Bahamas, and Myanmar)
  • Private sector consulting firms
  • Central and state-level economic advisory bodies

Key Events

  • Demonetisation: Within months of his appointment, India witnessed demonetisation in November 2016, a massive financial reform that tested the central bank’s preparedness.
  • GST Implementation: Worked through the period of the Goods and Services Tax (GST) rollout in 2017.
  • RBI-Government Conflict: His tenure ended amidst a prolonged tussle with the central government regarding
  • Autonomy of the RBI: Transfer of surplus reserves (₹3.6 lakh crore) to the Centre
Shivam

As a Content Executive Writer at Adda247, I am dedicated to helping students stay ahead in their competitive exam preparation by providing clear, engaging, and insightful coverage of both major and minor current affairs. With a keen focus on trends and developments that can be crucial for exams, researches and presents daily news in a way that equips aspirants with the knowledge and confidence they need to excel. Through well-crafted content, Its my duty to ensures that learners remain informed, prepared, and ready to tackle any current affairs-related questions in their exams.

Recent Posts

India-Brazil Seal 10 Big Deals: A New Power Axis in the Global South Emerges

India and Brazil have signed ten key agreements to expand cooperation across different sectors like…

7 seconds ago

Which Glacier is known as the 8th Wonder of the World?

Did you know that one glacier in the world is often called the “8th Wonder…

2 mins ago

PM Modi Inaugurates India’s First Namo Bharat RRTS Launched On This Corridor

Honorable Prime Minister Narendra Modi inaugurated the India's first Namo Bharat Rapid Rail Transit System…

31 mins ago

Top 10 Sustainable Companies in India 2026

India’s corporate sector is moving beyond traditional CSR and integrating sustainability into core business strategy.…

58 mins ago

AI Impact Summit 2026 Concluded As 89 Nations Back New Delhi Declaration

The AI Impact Summit 2026 concluded in New Delhi on 19 February 2026 with the…

1 hour ago

Winter Olympics 2026 – Complete Medal Table & Highlights

The 2026 Winter Olympics, officially the XXV Olympic Winter Games, were held in Milan and…

1 hour ago