In a surprising move just days before a crucial International Monetary Fund (IMF) board meeting, the Indian government has terminated the services of Dr. Krishnamurthy Subramanian as its Executive Director at the IMF, effective immediately.
According to a government order dated April 30, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, approved the sudden termination.
Subramanian, also known as KV Subramaniam, assumed the IMF role in November 2022, representing India, Bangladesh, Sri Lanka, and Bhutan. His three-year term was originally set to conclude in November 2025.
The timing of his removal has drawn attention, coming just ahead of the May 9 IMF Board meeting, which is expected to consider new financial assistance for Pakistan. India has expressed concerns about such financing, though final decisions rest solely with the IMF.
Subramanian previously served as India’s 17th and youngest Chief Economic Advisor from 2018 to 2022. His recall at a moment of increased geopolitical and economic sensitivity has prompted speculation about internal deliberations and possible political motivations.
