| Key Aspect | Details |
|---|---|
| Event | Urjit Patel appointed as Executive Director (ED) at the International Monetary Fund (IMF). |
| Approval | Approved by the Government of India for a term of three years. |
| Constituency | Represents India, Bangladesh, Sri Lanka, and Bhutan. |
| Executive Board | The IMF's Executive Board consists of 25 directors elected by member countries or groups of countries. |
| Role | - Part of Executive Board, influencing global and regional economic policies. |
| - Approves financing packages for member countries addressing balance of payments issues. | |
| - Oversees IMF's support for countries' economic reforms and initiatives. | |
| Background of Urjit Patel | 24th Governor of RBI (2016-2018), succeeded Raghuram Rajan; previously Deputy Governor. |
| Served as Vice President for Investment Operations at AIIB (2018-2024). | |
| Chairperson of National Institute of Public Finance and Policy (NIPFP) since June 2020. | |
| Significant Reforms at RBI | Introduced Monetary Policy Committee (MPC) in October 2016. |
| Played a key role in adopting Flexible Inflation Targeting framework (2014). |
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