India’s Prime Minister Narendra Modi will not receive any more government funding from the International Monetary Fund (IMF), a senior government official has said.PM Modi had asked the IMF to fund a new PMO led by an economist, according to a statement released on Tuesday.PM Narendra Modi has demanded a new government headed by an Indian economist.
The Finance Ministry had previously said it would provide the funds to the PMO.
But a statement issued on Wednesday said the PM’s ministry would be given no further financial assistance from the IMF.
The statement also said that PM Modi has instructed the finance ministry to provide the necessary funds for the new government’s implementation.
The finance ministry had said it will provide the financial assistance.
The prime minister’s office did not immediately respond to a request for comment.
The IMF’s Managing Director Christine Lagarde has said it is not clear if the government will be able to provide funds to PM Modi.
The PMO has been in turmoil since he took office last year.
The Indian public, who had been unhappy with the government for years, have also been unhappy at his policies, with the PM blaming a “deep state” for the country’s economic woes.