It is to be noted that India is making efforts to corner Pakistan diplomatically and at various global fora as New Delhi believes its involvement in the Pahalgam terror attack that led to killing of 26 tourists last month.
According to sources, had India not nominated Iyer, the alternate executive director Harischandra Pahath Kumbure Gedara of Sri Lanka would have discharged duties of ED as per the rules of the Washington-based multilateral funding agency.
The Appointments Committee of the Cabinet has terminated Subramanian’s services effective April 30, 2025.
The reasons for Subramanian’s exit have not been officially announced. According to the sources, Subramanian is learnt to have raised questions about the IMF’s datasets, which did not go down well in the corridors of the multilateral agency. In the past too, the IMF has been unhappy with some of the statements made by Subramanian, especially related to India’s debt situation.
Besides, the sources said, concerns were raised over an “alleged impropriety” relating to the promotion and publicity of his latest book, ‘India@100: Envisioning Tomorrow’s Economic Powerhouse’.
The executive board of the IMF is composed of 25 directors (executive directors or EDs) elected by the member countries or groups of countries.
India is in a four-country constituency, along with Bangladesh, Sri Lanka and Bhutan as members.
Content Source: economictimes.indiatimes.com