Скачать или смотреть Urjit Patel | Former RBI Governor Urjit Patel Appointed IMF Executive Director

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Urjit Patel — From India’s inflation warrior to a global economic sentinel:
Born in Nairobi (1963), Patel earned a BSc in Economics from LSE, an MPhil from Oxford (1986), and a PhD from Yale (1990).

He started his career at the IMF (1990–1995), covering desks for the US, India, Bahamas, and Myanmar. Later, he was deputed to RBI (1996–1997) to advise on debt markets, banking reforms, pension reforms, and FX policy.

As RBI Deputy Governor (2013–2016), he oversaw monetary policy, research, and deposit insurance. His Monetary Policy Committee and flexible inflation-targeting framework became cornerstones of Indian monetary policy.

Appointed RBI Governor (Sept 2016–Dec 2018), Patel led through key shifts—demonetisation implementation, managing banking sector stability, and embedding institutional independence in policymaking. He was known as the “inflation warrior.”

He resigned amid tensions about RBI autonomy, highlighting his dedication to institutional integrity.
Reuters

Following his RBI tenure, he chaired NIPFP (from June 2020) and served as Vice President (Investment Operations) at the AIIB until early 2024.

In August 2025, the Indian government appointed him as Executive Director at the International Monetary Fund (IMF) for a three-year term, starting September 1, 2025, representing India, Bangladesh, Bhutan, and Sri Lanka. He succeeds Dr. Krishnamurthy Subramanian.

This appointment underscores both his personal journey—from IMF economist in the 1990s to global policymaker—and India’s desire for a stronger voice in international finance.

Urjit Patel’s story is one of full-circle institutional leadership—rooted in rigorous scholarship, principled policymaking, and global engagement.
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