Rajan to leave IMF after three years

Rodrigo de Rato, the Fund's managing director, praised Rajan's contribution to the organisation's restructuring prcoess: "He has held the important position of Economic Counsellor during a period when the Fund has been going through a re-orientation of its direction and an intensive review of its core functions." He added: "Raghu's open management style and collegial spirit have worked to create an attractive work environment for his staff."

Rajan's academic research is broadly on the role of institutions, especially financial institutions, in fostering economic development. In 2003, he was awarded the inaugural Fischer Black Prize for contributions to finance by an economist under 40.