A very interesting report has been published in today’s ( 3rd October ) Economic Times. The officers who have retired from the IMF and World Bank are getting choice posts, especially in the Ministry of Finance.
It is well known about the close connections the Prime Minister Dr. Manmohan Singh, Planning Commission Chairman Montek Singh Ahluwaliah and Minister P.Chidambaram have with the IMF /World Bank. Now it has come out that the IMF/World Bank retirees are getting important posts in the government. The newly posted Principal Secretary to the Prime Minister Pulok Chatterjee is a World Bank retiree. The present Reserve Bank of India Governor Y.V.Reddy is IMF retiree. Former Defence Secretary and present Chairman, Competition Commission is World Bank retiree as also Bimal Jain who was Chairman, EAC to PM and then Member Planning Commission. Vijay Kelkar who worked as Finance Secretary and then as Advisor to Finance Minister is an IMF retiree. There are many more names.
What does it mean? Whether the IMF /WB is infiltrating our government? What will be the financial policy of the government with all these IMF and World Bank Rerirees? Within a few years almost all the important posts may be filled up with the IMF/World Bank retirees. Is IMF /WB posting a training to change the entire financial policy of the government to suit with the IMF/World Bank requirements?
Only time will tell. But in the mean time, these postings are going on.