IMF First Deputy Managing Director Gita Gopinath will step down from her position in August 2025 and return to Harvard University, marking the end of a historic tenure at the global financial institution.
Gopinath, who made history as the first woman and the first Indian to hold the post, was widely respected for her leadership during the COVID-19 pandemic and her insights on inflation, recovery strategies, and global monetary policies.
Gopinath originally joined the IMF as its Chief Economist in 2019 before being promoted to First Deputy Managing Director in 2022. Her decision to return to Harvard is in alignment with the university’s policy that only allows for two years of public service leave, which had already been extended once.
During her tenure, she became a prominent voice on global economic matters, helping shape the IMF’s response to challenges like pandemic recovery, debt crises, inflation control, and geopolitical disruptions. Her academic rigor and diplomatic approach earned her recognition across political and financial circles worldwide.
The IMF has yet to announce her successor, but tributes have already begun pouring in from international institutions and leaders recognizing her immense contribution to global finance. Her return to Harvard is expected to reenergize her academic pursuits and research in macroeconomics and global trade.
Gopinath’s exit marks a significant change for the IMF leadership at a time when the world economy continues to face volatility, particularly in emerging markets. However, her legacy at the Fund remains an inspiration for aspiring economists and women in global leadership.
