Indian-American investor occupies key IMF position

WASHINGTON: Independent investor Sunil Sabharwal has become the first Indian-American to occupy a key administration post at the IMF, three weeks after he was confirmed by the Senate.

Sabharwal, who was confirmed by the US Senate after a long waiting, assumed the position as Alternate Executive Director of the International Monetary Fund on Wednesday.

Given that the US commends more than 16.81 per cent of the total IMF voting share; this is one of the most powerful position in the International Monetary Fund.

US President Barack Obama nominated him for the post in April 2014 and then re-nominated Sabharwal in March 2015.

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