New Delhi: In a significant move, the Indian government has appointed Dr. Urjit Patel, renowned economist and former Governor of the Reserve Bank of India (RBI), as the Executive Director of the International Monetary Fund (IMF). The Appointments Committee of the Cabinet (ACC) approved his three-year term, effective from the date of assumption of charge.
Former RBI Governor Dr Urjit Patel has been appointed as ED, MDF for the next 3 years pic.twitter.com/AgZcpa6v7s
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Dr. Patel, known for his pivotal role in steering India’s monetary policy during his tenure as RBI Governor, brings a wealth of experience to this global position. His appointment is expected to strengthen India’s voice in international financial governance and policy-making.
The decision underscores India’s commitment to contributing expertise to multilateral institutions. Dr. Patel’s deep understanding of macroeconomic stability and financial systems aligns with the IMF’s mission to foster global monetary cooperation and sustainable economic growth.
The story is being updated, stay tuned to Dynamite News for further updates.