India takes leading role in calling for multilateral bank reforms
India has also adopted another two-pronged approach to promote change: Setting up a fund with the UN for developing countries and working with the BRICS on the New Development Bank.
India has also adopted another two-pronged approach to promote change: Setting up a fund with the UN for developing countries and working with the BRICS on the New Development Bank.
As the world is in the midst of the ‘Great Election Year’ of 2024, the International Monetary Fund (IMF) has sounded the alarm on the perilous tight-rope walk between democratic exercises and fiscal responsibility.
The Maldives is highly vulnerable to climate change risks, with potentially severe economic costs due to floods and rising sea level, the IMF said.
It also upgraded the growth forecast for the India economy by 0.2 percentage points to 6.5 percent for both 2024 and 2025, citing resilient domestic demand.
The data cited the buoyant domestic spending and improved global growth prospects.
In the same panel, Peter Altmaier, Federal Minister for Economic Affairs and Energy, Federal Ministry for Economic Affairs and Energy of Germany, said we need to rely more on open markets and multilateralism.
Talking about India, she said it was a very dramatic lockdown for a country of this size of the population with people clustered so closely together.
'China has also pledged to help facilitate the supply of vaccines to low-income countries.'
Economic inequality is the most visible and painful aspect of inequality, which can be reduced only by instituting a suitable macroeconomic policy environment. Appropriate fiscal and monetary policies can have a direct impact on income distribution and can also mobilize resources for progressive social policies.
Rahul Gandhi took a swipe at the government on Twitter by tagging a chart that showed IMF growth projections for 2020-21 for Bangladesh, Myanmar, Nepal, China, Bhutan, Pakistan, Sri Lanka, Afghanistan and India.
