- New Delhi to shortly nominate replacement to IMF board.
- Sources say the committee’s order effective from April 30.
- Subramanian alleged of “impropriety” in promoting his book.
India’s Appointments Committee of the Cabinet has announced that KV Subramanian, executive director of the International Monetary Fund (IMF), was terminated — six months ahead of his three-year term — Indian media quoted sources as saying on Saturday.
The reasons for Subramanian’s sacking by the Indian government have not been made public, but the sources stated that the government would shortly nominate a replacement to the IMF board.
They said the appointments committee’s order is effective from April 30.
The sources said Subramanian reportedly questioned the IMF’s statistics, which caused a stir among the multinational organisation’s high-ups.
The sources said there was also an “alleged impropriety” in the publicity and promotion of his most recent book, “India @ 100.”
Subramanian was appointed as the IMF executive director in India on November 1, 2022, for a tenure of three years. He was the government’s chief economic adviser before this.
The 25 directors (also known as executive directors or EDs) that make up the IMF’s executive board are chosen by the member nations or groups of countries.
India, Bangladesh, Sri Lanka, and Bhutan are all members of a four-country constituency.
