Former RBI deputy governor Subir Gokarn was appointed as an executive director of the International Monetary Fund (IMF) on Thursday.
Besides India, Gokarn will represent Bangladesh, Sri Lanka and Bhutan on the Washington-based IMF's executive board, which is responsible for conducting the day-to-day business of the multilateral institution.
Gokarn's name was cleared by the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi, as per an order issued by the department of personnel and training.
On the IMF executive board, Gokarn will replace Rakesh Mohan, whose three year tenure ends this month.
The grouping of India, Bangladesh, Sri Lanka and Bhutan would be represented by Gokarn with a total casting vote of 2.8 percent. This includes more than 2.3 per cent for India.