The International Monetary Fund is ready to strengthen its dialogue and improve its technical cooperation with India, spokesman Gerry Rice mentioned, noting that the human tragedy is a transparent reminder that the epidemic stays a critical menace globally .
“Our great sympathy and support for the people of India, and what is happening there relative to the epidemic, who have lost their lives and suffered as a result of the COVID-19 crisis,” Rice, director of the International Monetary Fund (IMF) The communications division advised reporters throughout a press convention right here on Thursday.
“We are following the events in India very closely. And we hope that the number of new infections will continue to decline, ”mentioned Rice.
India has been hit by a second wave of coronovirus which has paralyzed its well being system.
India’s whole COVID-19 instances rose to 2,57,72,440 by Thursday after registering 2,76,110 new instances within the final 24 hours, whereas every day deaths have been recorded under 4,000 after 4 days, inflicting tolls 2,87,122. For knowledge replace of Union Ministry of Health.
In response to a query, Rice mentioned that the IMF is in fixed contact with Indian authorities.
“We are ready to strengthen our dialogue and enhance our technical cooperation. The human tragedy in India is a stark reminder that epidemics remain a serious threat globally. At the IMF we are reinvigorating our effort to promote global cooperation, ”mentioned Rice.
The IMF welcomes bulletins by a number of international locations to offer instant help to India, reiterating {that a} multilateral response is crucial to handle the epidemic in India and globally.
“On economic impact, India is an important economy globally. We will revisit our growth forecast for India and the global economy in July, ”he mentioned, including that the IMF will replace it in its July World Economic Outlook replace.
“For India, on the economy, it will be important to continue a coordinated policy response to fight the epidemic, including intensifying immunization campaigns, providing financial resources to the health sector and social support to the most vulnerable. We see these as immediate policy priorities, ”mentioned Rice.
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With inputs from TheIndianEXPRESS
