Overview

• Parameswaran Iyer has been appointed as India's interim representative at the IMF, replacing K V Subramanian, whose tenure was cut short by six months.
• The IMF Executive Board will convene on May 9 to decide on Pakistan's $1.3 billion climate resilience loan and review its $7 billion bailout package.
• India's leadership change at the IMF is part of a broader strategy to diplomatically isolate Pakistan over its alleged support for terrorism, including the recent Pahalgam attack.
• Subramanian's dismissal reportedly stemmed from disputes over IMF datasets and concerns about the promotion of his book, though official reasons remain undisclosed.
• India is also reportedly pushing for Pakistan's return to the FATF grey list, aiming to restrict foreign investment and increase financial scrutiny.