Rajan to leave IMF after three years

Raghuram Rajan, the International Monetary Fund's economic counsellor and director of its research department, has decided to return to the University of Chicago by early 2007.

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 add