India Recalls IMF Executive Director KV Subramanian Six Months Before Term End

India Recalls IMF Executive Director: Six months ahead of his three-year tenure, the government has terminated the services of K. V. Subramanian as the executive director at the International Monetary Fund (IMF), sources said on Saturday (May 3, 2025).

The order of the Appointments Committee of the Cabinet says, “the ACC has approved termination of services of Dr Krishnamurthy Subramaniam as Executive Director (India) at the International Monetary Fund with immediate effect."

The government is looking for his replacement to be nominated to the IMF Board, sources said.

The reasons for his exit have not been officially announced.

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Sources said concerns were flagged over an “alleged impropriety” relating to the promotion of his latest book India @ 100. Additionally, sources said, there were reports of alleged violation of some “internal IMF protocols.”

Incidentally, in February 2025, Subramanian, along with his two senior advisors at the IMF, had termed the weighted approach to rating by the IMF staff as skewed, misleading and going against the spirit of “transparency,” “objectivity” and “even-handedness.” This, sources said, did not go down well in the corridors of the Washington-headquartered multilateral agency.

Subramanian, who was earlier Chief Economic Adviser, was nominated as IMF’s ED by the government in August 2022 for a three-year term beginning November 1, 2022.

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Mr. Subramanian was appointed as the executive director (India) at the IMF with effect from November 1, 2022 for a period of three years. Prior to this, he served as the Chief Economic Adviser to the government.

The executive board of the IMF is composed of 25 directors (executive directors or EDs) elected by the member countries or groups of countries.

India is in a four-country constituency, along with Bangladesh, Sri Lanka and Bhutan as members.

Harishchandra Pahath Kumbure Gedara is listed as the Director Alternate for the South Asia region.

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