Centre removes Krishnamurthy Subramanian as IMF board nominee six months before end of tenure

The Union government has removed Krishnamurthy V Subramanian, its nominee to the board of the International Monetary Fund, from his post, six months before his term was scheduled to end, ANI reported.

An order issued by the Appointments Committee of the Cabinet on April 30 said that Subramanian’s termination from the post had been approved with immediate effect. The order did not state a reason for the decision.

However, unidentified sources told The Indian Express that concerns were raised about “alleged impropriety” about Subramanian promoting his latest book India@100. The termination was also said to have been linked to alleged violations of internal protocols of the International Monetary Fund.

In February, Subramanian, along with two International Monetary Fund senior advisors, had described the United Nations agency’s weighted approach to rating as skewed and misleading. This act “did not go down well” among International Monetary Fund officials, The Indian Express reported.

In August 2022, Subramanian was nominated as executive director (India) at the International Monetary Fund for a three-year term, which began from November 2022. Earlier, he served as the 17th Chief Economic Advisor to the Union government from December 2018 to December 2021.

Subramanian’s exit comes ahead of a meeting of the International Monetary Fund on May 9, when the agency is expected to review financing facilities extended to Pakistan. During the meeting, India is likely to oppose funding for Pakistan, citing the Pahalgam terrorist attack, and allegations about Pakistan’s involvement in terror financing, according to The Indian Express.

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