International Monetary Fund Managing Director Kristalina Georgieva on Thursday praised India for taking “very decisive” steps to deal with ...
International Monetary Fund Managing Director Kristalina Georgieva on Thursday praised India for taking “very decisive” steps to deal with the coronavirus pandemic and its economic consequences, reported PTI. She also asked India to do more in 2021 in order to support an accelerated transformation of the economy.
“When I called on everybody to stay tuned for January 26, that applies very much to India,” she said at a global media round table. “You would see a picture in our update that is less bad. Why? Because the country actually has taken very decisive action, very decisive steps to deal with the pandemic and to deal with the economic consequences of it.”
The International Monetary Fund will release its World Economic Update on January 26.
Georgieva also lauded the Indian government for its monetary and fiscal decisions. “Emerging markets on average have provided 6% of the Gross Domestic Product. In India, this is slightly above that. Good for India is that there is still space to do more...If you can do more, please do.”
She advised India to use this space in a “more targeted manner” to support the accelerated growth of the economy and lauded the country for fast structural reforms. She urged policymakers to support these...
