From 2001 until his retirement, Mody was the assistant director of the International Monetary Fund's European Department.
He was also critical of the Irish Government's lack of solidarity with other indebted EU nations and claimed that Irish Finance Minister Michael Noonan "blew it" by siding with the troika in 2015, when a debt reduction might have been reached.
[5] Mody noted in 2018 that Ireland's heavy exposure to U.S. multinationals for its business model would be a problem post the Tax Cuts and Jobs Act of 2017 reforms.
[7] In October 2009 as Mody returned to his home in Bethesda, Maryland when he was shot multiple times whilst in his car by a masked gunman who then fled on foot.
Police issued an arrest warrant for Mohau Mercy Mathibe who worked for a trial period at the IMF under Mody.