The Women's World Banking Team

Ratna Sahay


Ratna Sahay has had a very distinguished career at the IMF. She was, most recently, Senior Advisor on Gender and Special Advisor to the Managing Director until March 2023. At the IMF, she conceptualized and spearheaded several new priorities: analytical work in low-income countries (1999), a new model of regional surveillance in the Caribbean (2003), the IMF’s first financial surveillance strategy (2012), financial inclusion work program (2014), and the IMF’s first gender mainstreaming strategy (2022). In a career spanning 33 years, she also led missions to several member countries (including negotiating IMF-supported programs), oversaw policy and analytical research on topics such as monetary policy, exchange rate policy, capital account, financial development, financial inclusion, and gender, and participated in international fora. She served as Advisor to Stanley Fischer (First Deputy Managing Director) and Michael Mussa and Kenneth Rogoff (both Economic Counselors at the IMF).

She has published widely in leading economics journals, taught at Delhi University, Columbia University, and New York University, and holds a Ph.D. in Economics from New York University. She is currently a Non-Resident Senior Fellow at the National Council of Applied Economic Research in Delhi (India).