Business Standard

Finance Commission chief N K Singh questions 'discriminatory' IMF scrutiny

This comes days after IMF Chief Economist Gita Gopinath cautioned the Fund may revise India's growth forecast 'significant downward'

N K Singh, 15 Finance Commission Chairman

N K Singh, 15 Finance Commission Chairman

Geetika Srivastava New Delhi
N K Singh, chairman of the 15th Finance Commission, accused the World Bank as well as the International Monetary Fund (IMF) of “developing rigidities” while encountering new challenges, and assigning higher weighting to developed regions such as the Europe and US. He went on to say that the “rules of the game” were applied in a discriminatory manner between the rich and poor nations.

Singh questioned the way the IMF scrutinises macroeconomic policies of the developing world, which he claimed is done differently than for the richer nations. He stressed on the need for Asia to have a bigger say in

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 28 2019 | 1:29 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to