India needs bold, multifaceted policy response to secure robust economic recovery: IMF
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Last Updated: Jan 28, 2021, 06:57 PM IST
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Synopsis To achieve a double-digit growth rate for the next fiscal year, it would be important to ensure that the COVID-19 pandemic is well contained and the distribution and rollout of vaccines are well managed in a timely manner, Paolo Mauro, Deputy Director of the Fiscal Affairs Department at the IMF, told.
Reuters
WASHINGTON:India must ensure that the COVID-19 pandemic is well contained and the distribution and rollout of vaccines are well managed if it wants to achieve a double-digit growth rate for the next fiscal year, the IMF said on Thursday, insisting that securing a robust and sustained economic recovery will require a bold and multifaceted policy response.
Global public debt is estimated to touch 98 per cent of GDP at the end of 2020, International Monetary Fund said on Thursday in its latest fiscal monitor update, according to which India s government debt is expected to remain elevated at 83 per cent of GDP. The COVID-19 pandemic has posed a severe challenge to public finances, the report said noting that the contraction in output and ensuing fall in revenues, along with emergency lifelines, boosted government deficits and debts beyond levels recorded during the global financial crisis. Vitor Gaspar, Director of the IMF s Fiscal Affairs Department told reporters that the government revenue declined everywhere, public debt jumped up to 98 per cent compared with 84 per cent before COVID-19.
WASHINGTON, Jan. 28 (Xinhua) Decisive government actions are necessary to ensure swift and extensive vaccine rollout, protect the most vulnerable households and otherwise viable firms, and foster a durable and inclusive recovery, the International Monetary Fund (IMF) said Thursday. The COVID-19 pandemic is accelerating in many countries and uncertainty is unusually high, Vitor Gaspar, director of the IMF s Fiscal Affairs Department, and his three colleagues wrote in a blog, as the IMF released its Fiscal Monitor update. Global cooperation on producing and widely distributing treatments and vaccines to all countries at low cost is crucial, Gaspar said. The sooner the global pandemic ends, the quicker economies can return to normal and people will need less government support.
Leveraging Public Budgets for the Sustainable Development Goals: Â The Case of Mexico
Posted by Lorena Rivero del Paso
The 2030 Agenda for the Sustainable Development Goals (SDGs) was adopted more than five years ago, leaving less than ten years to achieve these goals. This was already demanding before the pandemic, now with the impact of COVID-19 on the global economy, it is even more challenging. There is a need for governments to step up and speed up implementation and to leverage all the instruments at their disposal to achieve their targets. Public budgets-while not the only tool for financing the SDGs-have a primary role in directing priorities from an economic, political and legal standpoint. Therefore, budgeting for SDGs, is one of the most important tools that governments can use.
24 Jan 2021 - 8:56
Director-General of the Police College, Brigadier Dr. Mohammed Abdullah Al Muhana Al Marri
By Sidi Mohamed | The Peninsula
Doha: Director-General of the Police College, Brigadier Dr. Mohammed Abdullah Al Muhana Al Marri, said that the College has achieved a large part of its goals and vision to be a beacon of police and legal sciences for its students. The College has graduated two batches in these fields.
Speaking on the occasion of the Graduation Ceremony of Third Batch of Police College Candidates, Brigadier Dr. Al Marri said: “The number of graduates in the third batch is 112, among them 93 Qataris from Ministry of Interior (MoI) and several military entities in the country. Also, 19 graduates from the brotherly Arab countries, such as Jordan, Palestine, and Yemen.”