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The deputy director general of the International Monetary Fund, Geoffrey Okamoto, resigned early next year and will be replaced by finance analyst Gita Gopinath, months after the agency’s top leadership resolved a major crisis.
The IMF on Thursday announced the sudden departure of Okamoto, who was elected deputy director general in March 2020, and named Gopinath, who has been the chief financial officer since 2019, instead.
Gopinath, who is expected to return to his post at Harvard University, will take up the post on January 21.
“Geoffrey and Gita are both very good friends – I’m sorry to see Geoffrey go, but at the same time, I’m glad Gita has decided to stay and accept the new position,” said Kristalina Georgieva, executive director of the agency. IMF, in his words. “He is the right person at the right time. . . I really appreciate her intelligence, sound advice, and unwavering support. ”
The change comes after Georgieva was indicted in September for tampering with data for the benefit of China during his presidency of the World Bank – a charge he has repeatedly denied. IMF officials decided to detain him in October after much discussion and confirmed that he was “fully confident” in his ability to fulfill his role.
In a statement released Thursday, Okamoto, who previously served in the Treasury Department during the Trump administration, said he would return to the private sector.
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