India Appoints Parameswaran Iyer as Temporary IMF Representative after exit of K.V. Subramanian

Ahead of an important International Monetary Fund (IMF) meeting, the Indian government has temporarily appointed Parameswaran Iyer, India’s Executive Director at the World Bank, to represent India at the IMF. This decision comes after the early exit of K.V. Subramanian, who had been serving as India’s Executive Director at the IMF.

Who is Parameswaran Iyer?

Parameswaran Iyer is a former CEO of Niti Aayog and has now been given the responsibility of representing India on the IMF Board. Although this is a temporary arrangement, the government plans to make a regular appointment in due course.

Reason for Subramanian’s Early Exit

K.V. Subramanian’s exit was announced by the Appointments Committee of the Cabinet, effective April 30, 2025, six months before his scheduled three-year tenure ended. The reasons for his early departure have not been officially disclosed, but sources suggest that Subramanian raised concerns about the IMF’s datasets, which were not well-received by the organization.

Additionally, there were reports that raised questions about Subramanian’s promotion of his latest book, ‘India@100: Envisioning Tomorrow’s Economic Powerhouse’, which reportedly caused some controversy.

Also Read: Why Krishnamurthy Subramanian Removed from IMF? Know about him and Full Controversy

Also Read: Why Union Bank wasted Crores of Rupees on Book Purchase? Employees demand investigation

Why This Appointment is Significant

India’s new temporary appointment comes just before a major IMF board meeting scheduled for May 9, 2025, where the IMF will discuss key financial decisions, including a new $1.3 billion loan for Pakistan as part of a climate resilience program. The IMF will also review its ongoing $7 billion bailout package for Pakistan.

This timing is crucial, as India has been making diplomatic efforts to isolate Pakistan internationally, especially after the terror attack in Pahalgam that led to the deaths of 26 tourists last month. India has been working through global forums, including the World Bank, IMF, and the Asian Development Bank, to highlight Pakistan’s role in supporting terrorism.