The Indian government has unexpectedly dismissed Krishnamurthy Subramanian from his position on the IMF board, six months before his term was supposed to finish. This decision comes only days before a critical IMF board meeting to approve a $1.3bn climate resilience loan for Pakistan, Firstpost reported.
According to government sources, Subramanian's departure was due to his questioning of IMF figures, which occurred amid continuing conflicts between him and the institution. In addition, the former chief economic adviser is facing allegations of misconduct related to his book promotion.
The government has not yet named a replacement, though Finance Secretary Ajay Seth, who is set to retire in June, is being considered. Subramanian, who began his IMF post in November 2022, was appointed for a three-year tenure, as stated by the Firstpost.
The position, which represents India, Bhutan, Bangladesh, and Sri Lanka at the IMF, is now vacant, with Harischandra Pahath Kumbure Gedara listed as the alternate director.