Janak Raj is a Senior Fellow and leads the macroeconomic segment in the Growth, Finance and Development vertical at CSEP. He also works specifically on fiscal federalism in the health sector, climate finance and multilateral development banks (MDBs) reforms. He is currently also a member of the JM Financial Centre for Financial Research of IIM Udaipur. He has nearly four decades of experience working in the Reserve Bank of India, the International Monetary Fund (IMF) and Ministry of Finance (Department of Financial Services). Janak Raj served as an Executive Director in the Reserve Bank of India and as a member of its statutory Monetary Policy Committee (MPC). He also served as Principal Adviser of Monetary Policy Department and International Department of the RBI and headed its Department of Economic Policy and Research. At the IMF Washington DC, he was Senior Advisor to the Executive Director for Bangladesh, Bhutan, India and Sri Lanka. He served as an RBI nominee director on the Governing Board of the BSE (formerly Bombay Stock Exchange) and as a Senior Consultant in the Department of Financial Services, Ministry of Finance. He has a PhD in Economics from IIT Bombay.