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.