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

Kristalina Georgieva, the Managing Director of the International Monetary Fund, said on Wednesday that Krishna Srinivasan, an Indian, will take over as Director of the Asia and Pacific Department (APD) on June 22. According to the IMF, Srinivasan will succeed Changyong Rhee, who announced his resignation from the Fund on March 23.

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:

Srinivasan worked as an Assistant Professor of Economics and International Finance at Indiana-Purdue University as a consultant at the World Bank in Washington, DC, and the Center for Policy Research and Planning Commission in New Delhi before joining the Fund.

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.