NEW DELHI, May 13: In a sudden move, govt has removed Krishnamurthy Subramanian, its nominee on the IMF board, six months before his tenure was to end.
The decision comes days before a crucial meeting of the IMF board to decide on a fresh $1.3bn climate resilience loan to Pakistan. Govt has upped the ante at multilateral agencies, including World Bank & ADB, seeking to block the flow of financial support to Pakistan.
The decision to recall K Subramanian from the IMF board came after the former Chief Economic Adviser in the Finance Ministry questioned IMF datasets, the latest episode in his skirmishes with the multilateral agency.
Besides, there are allegations of impropriety by the Indian School of Business Professor in promoting his latest book, 'India @100: Envisioning Tomorrow's Economic Powerhouse'.
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