Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has decided to appoint Krishna Srinivasan as Director of the Asia and Pacific Department (APD). Srinivasan’s appointment as APD Director is effective 22 June. He will succeed Changyong Rhee, whose retirement from the Fund was announced on 23 March.
Srinivasan, an Indian national, has more than 27 years of Fund experience, starting in the Economist Programme in 1994. 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 also oversees APD’s work on key ASEAN countries, namely Malaysia and Singapore, as well-advanced economies, including Australia and New Zealand. During the Global Financial Crisis, while in the Research Department (RES), Srinivasan led the Fund’s work on the G20 including the preparation of analytical notes for the meetings of the G20 Ministers and Leaders.
“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. His appointment to the Director position is a culmination of his superior record of leadership across a wide range of departments, including African Department (AFR), European Department (EUR), Monetary and Capital Market Department (MCM), RES, Strategy, Policy and Review Department (SPR), and West Hemisphere Department (WHD). This range of work and experiences is reflective of his career during which he has worked on the full spectrum of the Fund’s membership from low-income countries, to emerging markets, and advanced economies,” said Georgieva.