Global Development Matters
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Ajai Chopra


Visiting Fellow
AChopra@cgdev.org

Expertise

Macroeconomic policy; international economics; financial sector issues


Initiative

Globalization and Inequality

Research Topics

Capital Flows/ Financial Crises, Globalization, International Financial Institutions

Education

Ph.D. Economics, University of Virginia


Background

Ajai Chopra joined CGD in January 2007 as a Visiting Fellow. He is on a one-year sabbatical from the International Monetary Fund where he is a Deputy Director in the European Department. Ajai joined the IMF in 1984 through its “Economist Program” for young professionals. His country experience spans Asia, Europe, Latin America and Africa. The early part of his IMF career was in the Policy Development and Review Department, where he was part of a special team that dealt with the implementation of the “Brady Plan” for debt reduction in the late 1980s and early 1990s. He moved to the IMF’s European Department in 1991 where he worked primarily on transition economies in central Europe. His next transfer was to the Asia and Pacific Department in 1994. During the Asian financial crisis he was in charge of the IMF’s program with the Republic of Korea from late 1998 to 2001. Ajai returned to the European Department in 2002. In addition to leading IMF consultation missions to Germany, his other responsibilities in the European Department included overseeing the work on Albania, Bosnia and Herzegovina, Bulgaria, Israel, Slovakia plus several small countries in the euro zone.

 

Ajai did his undergraduate work at the University of Bombay and has a Ph.D. in economics from the University of Virginia. He has published papers in the IMF’s research-oriented journal (IMF Staff Papers) and its Working Paper series. His country oriented publications include:

  • Poland: The Path to a Market Economy (1994)
  • India: Economic Reform and Growth (1995)
  • From Crisis to Recovery in Korea: Strategy, Achievements, Lessons (2001)

 

At CGD, Ajai’s work focuses on maximizing the benefits of foreign bank entry in emerging market and developing countries.