India Fires IMF Executive Director Ahead of Pakistan Loan Vote
India Fires IMF Executive Director Ahead of Pakistan Loan Vote

India Fires IMF Executive Director Ahead of Pakistan Loan Vote

News summary

India has abruptly dismissed its representative to the International Monetary Fund (IMF), Krishnamurthy V. Subramanian, six months before his term was due to end, with the government providing no official explanation for the early termination. Multiple reports indicate that Subramanian had questioned IMF data and reportedly tried to influence the Fund to withhold a $2.3 billion loan to Pakistan, aligning with India’s foreign policy interests. Despite India's requests, the IMF rejected calls to reassess or delay financial assistance to Pakistan, stressing that its decisions are based on technical criteria rather than political motivations. The dismissal comes just ahead of a key IMF Board meeting on May 9 to review Pakistan’s request for further funding, raising speculation about the timing and political implications of Subramanian’s exit. Analysts suggest that the move has sparked controversy within India and may have undermined India’s standing in global financial circles. The IMF executive board is expected to proceed independently with its scheduled review of Pakistan's case.

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