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30Aug 2025

Urjit Patel Named IMF Executive Director 2025

Urjit Patel Appointed IMF Executive Director Why in the News ? The government has appointed former RBI Governor Urjit Patel as India’s next Executive Director (ED) at the IMF for a three-year term. The position was vacant since April 2024 after Krishnamurthy Subramanian’s exit. Patel’s appointment marks his return to a key global role. About …

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10May 2025

India Abstains from IMF Vote on Funding Pakistan

India Abstains from IMF Vote on Funding Pakistan Why in the News ? India abstained from voting on the IMF’s decision to extend additional funding to Pakistan. The Indian government raised concerns over Pakistan’s poor track record with IMF loans and potential misuse of funds for cross-border terrorism. About India’s Stance: India raised concerns about …

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