Raghuram Rajan, Former Governor of the Reserve Bank of India (RBI), appointed in IMF. He becomes a member of the External Advisory Group of the International Monetary Fund (IMF). He appointed as an advisor to help the global economy to come on track after coronavirus pandemic. IMF MD Kristalina Georgieva held a discussion with these new advisors on Friday. The advisors will give their opinion to the IMF chief on the changes and policy issues. This will include steps that need to take due to the crisis caused by the coronavirus epidemic.
World leaders and best economist appoint as IMF advisor to deal with coronavirus crisis
Apart from Rajan, more advisors joined the group including Tharman Shanmugaratnam. Also Professor Christine Forbes from Massachusetts Institute of Technology. Former Australian Prime Minister Kevin Rudd, Former Nigerian Finance Minister Ngozi Okonjo-Iweala. Former Deputy Secretary-General of the United Nations Lord Mark Maloka Brown.
IMF MD said that advisors quality suggestion may help suffering countries to deal with the financial crisis
Georgieva also said that to serve the IMF members well in these contexts, we need a quality opinion. The IMF internal external sources will suggest needful. I am glad that experts from the market and private sector have agreed to work in this direction.
Need to work on plans after lockdown to deal with the economic crisis: Raghuram Rajan
Recently, Rajan suggested in a blog that now a plan required after the lockdown affect. And what will happen if the effect of the virus does not end? It will be difficult for the country to keep a complete lockdown for long.
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