New Delhi, Aug. 29 -- Urijit Patel, economist and former Governor of the Reserve Bank of India (RBI), was appointed as the Executive Director (ED) at the International Monetary Fund (IMF) for a period of three years on Friday.

The announcement was made by the Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi.

The appointment will take effect from the date Patel assumes charge of the post or until further orders, whichever is earlier, according to an official statement issued by the committee.

"The Appointments Committee of the Cabinet has approved the appointment of Dr. Urjit Patel, Economist and Former RBI Governor, to the post of Executive Director (ED) at the International Monetary Fund, for a perio...