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India s fiscal response to COVID-19 last year prevented severe contraction: IMF official Gaspar stressed the importance of being ready to provide agile and flexible policy support as appropriate to respond to COVID-19 related developments Joe C Mathew | April 27, 2021 | Updated 14:28 IST Director of IMF s Fiscal Affairs Department Vitor Gaspar (Source: IMFBlog) India s fiscal response to the first wave of COVID-19 infections last year has found a taker in the International Monetary Fund (IMF). Speaking at a high-level roundtable organised by the IMF in association with the Centre for Social and Economic Progress (CSEP) on Securing Sustainable Finances and Medium-term Fiscal Frameworks: International Experience and Relevance for India , Vitor Gaspar, Director of IMF s Fiscal Affairs Department, supported India s fiscal response in the face of COVID-19, stating that fiscal support in India has prevented severe contractions . The online event was organised on April 23.

Anoop singhAnne marie gulde wolfAlfred schipkeVitor gasparMontek singh ahluwaliaNiels thygesenRakesh mohanInternational monetary fundPacific departmentEuropean unionFiscal affairs departmentWorld bankCommission of indiaCentre forEconomic progressSustainable finances