The Economic Times

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

Krishnamurthy V Subramanian has criticized Pakistan's claim of returning to global financial leadership. He clarified that the IMF and World Bank chair is ceremonial and rotates annually among member countries. Pakistan is set to assume this position for the first time since 1953 in 2027. The country's economy has been dependent on loans from the IMF to address financial challenges.