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The Economic Times
The Economic Times
National

Ex-IMF Director KV Subramanian dismisses Pakistan's global financial leadership claim

International Monetary Fund Pakistan World Bank World Bank Group

New Delhi: India's former executive director at the International Monetary Fund, Krishnamurthy V Subramanian, on Sunday dismissed Pakistan's claim of returning to global financial leadership as a "historic milestone", clarifying that the chair of the IMF and World Bank Boards of Governors is purely ceremonial and rotates annually.

In a post on X, Subramanian said, "Claim: "Pakistan is heading back to the top table of global finance after 74 years!. Reality: Pakistan will chair the IMF-World Bank Annual Plenary in 2027. This chair is purely ceremonial & rotates annually: Paraguay this year, Cabo Verde in 2025. It's protocol, not power".

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