2025-10-23
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There's new duties for Gita Gopinath.
She is first deputy managing director at the International Monetary Fund.
There was a celebration across all of economics with this announcement.
In 2022, Gita Gopinath was promoted to number two at the IMF.
As chief economist,
she'd already led research into the effects of pandemic shutdowns on the global economy and the cost of vaccinating as many people as possible.
The International Monetary Fund has proposed a $50 billion plan to end the COVID-19 pandemic.
Then, just months into her new job, she faced another crisis when Russia invaded Ukraine.
The IMF has this week unblocked $1.4 billion in emergency financial aid for Kyiv.
It says it is ready to help neighboring countries as well with further assistance as required.
And of course, she had to deal with the IMF's on-again, off-again sweetheart.
Since 1958, the IMF has granted Argentina 23 loans.
It owes the fund more money and has defaulted more times than any other country.
All of that was made a lot more complicated by President Trump's Treasury Secretary, Scott Besson.
The IMF has suffered from mission creep.