The Indian Mountaineering Foundation (IMF) has posthumously conferred the prestigious Nain Singh-Kishan Singh Lifetime Achievement Award on former Border Security Force (BSF)
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
Jonathan Otry, the Deputy Director of the IMF`s Asia Pacific Department, said that "the current surge in infections presents a worrisome downside risk revisions" for India.
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.'
