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Ratna Sahay

Ratna Sahay

Professor

Centre for Gender and Macroeconomy
rsahay@ncaer.org
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Education Work Experience

Ratna Sahay is an Honorary Professor at NCAER.

She was a Special Advisor to the Managing Director at the International Monetary Fund (IMF) until recently. She led the IMF’s first gender mainstreaming strategy in 2022 which was endorsed by 190 member countries and was responsible for mainstreaming gender in the Fund’s core activities-surveillance, programmes, and capacity development. Before that she was a Deputy Director in the Monetary and Capital Markets Department, where she led several policy papers and projects in the areas of monetary policy, exchange rate policy, capital account, financial development, financial inclusion, and gender. She has worked in several regional departments in the IMF, leading missions to its member countries. She is also a Non-Resident Fellow at the Center for Global Development in Washington, D.C. (USA), and is currently serving on IMF’s External Advisory Panel on Gender and on working groups of the G-20 and the World Economic Forum. She has published widely in leading journals.

She has taught at Delhi University and New York University, She holds a PhD in Economics from New York University, New York.

Education

  • PhD Economics, New York University, New York, 1989
  • MA Delhi University, 1981
  • BA Honors, Miranda House, Delhi University, 1979

Work Experience

IMF

  • May 2021-March 2023: Office of the Managing Director as Special Advisor to the Managing Director and Senior Advisor on Gender
  • 2012-April 2021: Deputy Director and Chief Operational Officer, Strategy, Planning and Coordination, Monetary and Capital Markets Department
  • 2009-2012: Deputy Director, Middle East and Central Asia Department
  • 2006-2009: Senior Advisor/Deputy Director, Finance Department
  • 2003-2006: Assistant Director/Division Chief. Responsible for oversight of 15 countries, regional surveillance of Eastern Caribbean Currency Union, and led missions to several countries, Western Hemisphere Department
  • 1989–1990, 1993–2000, 2002–2003: Advisor/Division Chief/Deputy Division Chief/Senior Economist/Economist, Research Department.
  • 2001-2002: Advisor to Stanley Fischer, the First Deputy Managing Director. Office of the Managing Director
  • 1991-93: Desk economist on two program countries (Albania and Bulgaria); participated in membership missions to Albania; coordinated the technical assistance needs of transition economies; contributed to cross-country analytical work of post break-up of the Soviet Union, European Department
  • 1989-90: Desk economist of India, Papua New Guinea, and Western Samoa, Asian Department

Research & Publications

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