Parameswaran Iyer Nominated as IMF Executive Director

India has nominated Parameswaran Iyer as the temporary Executive Director at the International Monetary Fund (IMF). Iyer, currently serving as India's Executive Director at the World Bank, will represent India at the IMF's upcoming board meeting on May 9, 2025.

This nomination follows the unexpected dismissal of Krishnamurthy Subramanian, India's previous Executive Director at the IMF, six months before the completion of his three-year term. Subramanian's removal has raised questions regarding internal protocols and the promotion of his recent book, 'India @ 100'.

The IMF's Executive Board plays a crucial role in overseeing the institution's policies and operations, including decisions on lending and economic programs. India's representation on this board is vital for safeguarding national interests and ensuring that IMF policies align with India's economic priorities.