New Delhi: The Appointments Committee of the Cabinet has approved the appointment of former Chief Economic Adviser Dr KV Subramanian as the Executive Director (ED) for India at the International Monetary Fund (IMF). According to an official communique, he will take the charge from November 1, 2022.

Dr Subramanian will succeed eminent economist Dr Surjit S Bhalla who was appointed the ED for India on the board of the IMF in 2019. Dr Subramanian's term will continue for a period of three years or until further orders, whichever is earlier, by curtailing the tenure of eminent economist Bhalla as ED (India) up to 31 October, 2022. Bhalla had succeeded former RBI Deputy Governor Subir Gokarn, who died in the US on July 30 after a brief illness.

“The Appointments Committee of the Cabinet has approved the appointment of Dr Krishnamurthy Subramanian, Professor (Finance), Indian School of Business and former Chief Economic Adviser, to the post of Executive Director (India) at the International Monetary Fund (IMF), w.e.f, 01.11.2022 for a period of three years or until further orders, whichever is earlier by curtailing the tenure of Dr Surjit S Bhalla as ED (India), IMF up to 31.10.2022,” the order reads. /BI/