Krishna Srinivasan to head IMF's Asia and Pacific Department Director

According to an IMF announcement, Srinivasan will succeed Changyong Rhee whose retirement from the organisation was announced on March 23.

Washington: Indian economist Krishna Srinivasan has been appointed as the Director of the Asia and Pacific Department (APD) by International Monetary Fund Managing Director Kristalina Georgieva.

According to an IMF announcement, Srinivasan will succeed Changyong Rhee whose retirement from the organisation was announced on March 23. (Also read: Top 10 common items people forgot in Uber cabs)

"Krishna is a highly regarded member of our Fund family and has made many important and innovative contributions to our mission throughout his career at the Fund," Georgieva said on Wednesday. (Also read: Garena Free Fire redeem codes for today, 9 June: Check website, steps to redeem)

Srinivasan, an Indian national, has more than 27 years of Fund experience, starting in 1994 in the Economist Program. He is currently a Deputy Director in APD where he oversees the department's surveillance work on a number of large and systemically important countries such as China and Korea, and smaller states in the Pacific such as Fiji and Vanuatu. He will assume charge on June 22.

Georgieva said Srinivasan's appointment is a culmination of his superior record of leadership across a wide range of departments, including the African Department (AFR), European Department (EUR), Monetary and Capital Market Department (MCM), RES, Strategy, Policy and Review Department (SPR), and West Hemisphere Department (WHD).