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IMF Vice President Gita Gopinath resigns: Return to Harvard shocks!
Gita Gopinath, deputy director of the IMF, will leave the fund in August 2025 and return to Harvard to train new generations.
IMF Vice President Gita Gopinath resigns: Return to Harvard shocks!
Gita Gopinath, the deputy director of the International Monetary Fund (IMF), will leave her post at the end of August 2025. As the South German newspaper reports, Gopinath is returning to the prestigious Harvard University, where she will be appointed the first Gregory and Ania Coffey Professor of Economics. Her return to academic roots comes at a time when the global economy is facing major challenges.
Since 2019, Gopinath served as the IMF's first woman chief economist before being promoted to first deputy managing director in 2022. Her time at the IMF was marked by global crises, including the COVID-19 pandemic and numerous economic challenges arising from these events. She was also responsible for supply chain problems and financial burdens in developing countries India West reported.
A sad farewell
Gopinath expressed gratitude for the nearly seven years she spent at the IMF and emphasized that she took the initiative to move back to Harvard herself, which surprised many IMF insiders. IMF chief Kristalina Georgieva confirmed the withdrawal and said a successor will be announced “in due course,” potentially giving President Trump an opportunity to influence the succession. Traditionally, European countries elect the head of the IMF, while the US Treasury Department proposes candidates for the deputy post.
A circumstance that further fuels geopolitical tensions in the context of the global economic market. Trump's goal is to transform the global economy and reduce U.S. trade deficits through high tariffs, which raises questions about what direction the IMF will take under new leadership.
A look into the future
Gopinath is clear that by returning to university she not only wants to revive her academic roots, but also train the next generation of economists and stimulate research in international finance and macroeconomics. She does this with the clear aim of making a lasting contribution to economics. With her move, she is ready to enter new territory and contribute her expertise in a different environment, which many industry representatives will be following with interest.
The Mirror highlights that Gopinath's withdrawal could affect both the IMF's organizational structures and global economic dynamics. Her successor remains unclear, but her impressive career will certainly be remembered at both Harvard and the IMF.