Patel, who served as the 24th Governor of the RBI between September 2016 and December 2018, oversaw crucial monetary policy decisions during a period of significant economic transition. His tenure included steering India’s financial system through the aftershocks of demonetisation and the introduction of the Goods and Services Tax (GST).
A seasoned economist, Patel has longstanding ties with the IMF, having worked with the institution earlier in his career. He has also held several advisory positions in government and policy-making bodies, with a focus on financial regulation and macroeconomic stability.
Patel’s return to the IMF is seen as a move that will bolster India’s influence within the multilateral body at a time when the global economy is grappling with persistent inflationary pressures, uneven recovery, and geopolitical challenges. His expertise in central banking and fiscal frameworks is expected to contribute significantly to the Fund’s policy discussions.
This is a breaking story. More Information will be added soon…