Under the Extended Funding Facility (EFF) $7 billion bailout programme for Pakistan, it was agreed that a progress review would be done every six months.
A recent IMF report offers key insights for India amid an increasingly debt-laden global economy.
The recent IMF report presents a mixed picture of the global economy: the immediate threat of recession has receded, and inflation is gradually stabilising, yet a new alarm has been sounded on the surging levels of global debt.
The level of uncertainty surrounding the global economic outlook is high, the report noted on Tuesday
For India, the October outlook projects a headline inflation figure of 4.4% for FY25 and 4.1% for FY26.
The premier said the strict conditions of the IMF could not be applied on the people, who he said are already suffering because of the pandemic.
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.
