Former CEA K Subramanian appointed executive director (India) at IMF

August 25, 2022 23:25

Former chief economic adviser Krishnamurthy Subramanian has been appointed as executive director at the International Monetary Fund, ad personnel ministry order said on Thursday.

Subramanian is currently professor (finance), Indian School of Business.

The appointments committee of the cabinet has approved the appointment of Subramanian to the post of executive director (India) at the IMF, with effect from November 1, 2022 for a period of three years or until further orders, by curtailing the tenure of Dr Surjit S Bhalla as ED (India), IMF up to October 31, 2022, it said.

Bhalla was appointed to the post for three years in October 2019.

According to sources, the EDs are elected for a period of two years through voting by the governors representing the respective constituency countries.

The next two-year term of the EDs will start from November 1, 2022, for which the nominations have to be made within August 29, 2022 and the voting will happen on October 14, 2022.

Bhalla joined the IMF Executive Board on November 9, 2019, after his election by the constituency countries in that electoral cycle.

He was re-elected in the next electoral cycle for the 2-year period from 01.11.2020 to 31.10.2022, leaving only nine days of the remaining term as per the GOI's order, sources said. -- ANI

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