K Subramaniam appointed as Executive Director (India) at IMF

Highlights:

• Former Chief Economic Adviser of India K. Subramaniam was recently appointed as the Executive Director of India at the International Monetary Fund (IMF). He will replace Surjit S Bhalla, who was appointed as India’s executive director on the board of the IMF in 2019.
• K. Subramaniam’s tenure in this post will start from November 1, 2022 and will continue for a period of three years or till further orders, whichever is earlier.
• K. Subramaniam holds an MBA in Financial Economics and Doctor of Philosophy (PhD) from the University of Chicago Booth School of Business. 
• His PhD was completed under the supervision of Luigi Zingales and Raghuram Rajan. 
• He is also an alumnus of IIT, Kanpur where he studied Electrical Engineering as well as Indian Institute of Management, Calcutta. Subramaniam is currently a Professor at the Indian School of Business. 
• He was the youngest Chief Economic Advisor to the Government of India, serving from 2018 to 2021.
• The IMF’s Executive Board is based in Washington and is responsible for conducting its day-to-day business.
• The Executive Board of the International Monetary Fund (IMF) is made up of 24 directors (called executive directors or EDs), who are elected by member countries or groups of countries. 
• It is headed by the Managing Director (MD) who acts as its Chairman.
• The Executive Board meets several times each week and performs its work on the basis of papers prepared by the IMF management and staff.