US EditionFormer Indian Central Bank Governor Urjit Patel Appointed IMF Executive Director
Urjit Patel returns to the International Monetary Fund as Executive Director for a three-year term, succeeding Krishnamurthy V Subramanian after his early exit, to represent India and neighboring nations.
- The Appointments Committee of the Cabinet approved Urjit Patel, former Governor of the Reserve Bank of India, as Executive Director at the International Monetary Fund on August 28, 2025, for three years.
- Following the abrupt termination of K V Subramanian, former Executive Director at the IMF, a government order dated April 30, 2025 approved his early exit.
- Patel brings deep institutional experience, holding a PhD from Yale University, advanced degrees from Oxford and London, and senior roles at AIIB, Reliance Industries, and IDFC Ltd.
- He will represent India, Bangladesh, Bhutan, and Sri Lanka at the IMF in Washington amid global economic uncertainty and a recent $1.4 billion credit line for climate resilience.
- Patel's return is notable because he resigned as RBI governor in December 2018 after a public dispute with the Modi government over central bank autonomy and surplus reserves, and he was the first RBI governor since 1990 to leave early.
Insights by Ground AI
Does this summary seem wrong?
22 Articles
22 Articles
Urjit Patel: New IMF Executive Director Amidst Global Economic Challenges
Urjit Patel: New IMF Executive Director Amidst Global Economic Challenges Former Governor of the Reserve Bank of India (RBI), Urjit Patel, has been appointed as the Executive Director (ED) at the International Monetary Fund (IMF). The announcement came from the Appointments Committee of the Cabinet, led by Prime Minister Narendra Modi, marking the beginning of Patel's three-year term at the international body.Patel's selection follows the abrupt…
·India
Read Full Article
Coverage Details
Total News Sources22
Leaning Left3Leaning Right5Center3Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 27%
C 27%
R 45%
Factuality
To view factuality data please Upgrade to Premium
