Ready To Scale Up Technical Collaboration With India During Pandemic: IMF

The IMF said it will be revisiting its growth forecast for India and for the global economy in July.

The International Monetary Fund stands ready to strengthen its dialogue and scale-up its technical collaboration with India, spokesperson Gerry Rice has said, observing that the human tragedy is a stark reminder that the pandemic continues to be a grave threat globally. "Our great sympathies and support to the people of India, and what is happening there relative to the pandemic, to those who have lost their lives and are suffering as a result of the COVID-19 crisis," Rice, who is the director of the communications department at the International Monetary Fund (IMF) told reporters during a news conference 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," Rice added. India has been jolted by the second wave of coronavirus which has crippled its healthcare system.