New Delhi: Former Reserve Bank of India (RBI) governor Raghuram Rajan and 11 others have been named by International Monetary Fund (IMF) managing director Kristalina Georgieva to her external advisory group to provide perspectives from around the globe on key developments and policy issues, including responses to challenges over coronavirus pandemic.
Rajan, who was the RBI governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.
According to Georgieva, even before the spread of COVID-19, IMF members confronted a rapidly evolving world and complex policy issues. “To serve our membership well in this context, we need top-notch input and expertise from the widest range of sources, inside and outside the Fund,” she was quoted as saying by media reports.
“Toward this end, I am proud that an exceptional and diverse group of eminent individuals with high-level policy, market and private sector experience has agreed to serve on my External Advisory Group. Today we had a dynamic discussion to gain their insights, and to receive informal reactions to our ideas and approaches,” the IMF MD added.
Other members of the group named by the IMF MD are Tharman Shanmugaratnam, senior minister of Singapore and chairman of the Monetary Authority of Singapore; Kristin Forbes, Professor, Massachusetts Institute of Technology; Kevin Rudd, former Prime Minister of Australia; Lord Mark Malloch Brown, former UN deputy secretary-general among others.