Washington, April 19 (KNN) The International Monetary Fund (IMF) has lauded the economic resistance India has shown in the face of various waves of Covid-19 pandemic highlighting the structural reforms initiated by the government in the recent years.

In a meeting with Finance Minister Nirmala Sitharaman on Monday (local time) in Washington DC, IMF Managing Director Kristalina Georgieva praised India’s approach of well-targeted policy mix which facilitated elements of resilience in the Indian economy.

Pressing on India’s resilience, Georgieva said that India remains the fastest-growing country across the globe despite challenges posed by the COVID-19 pandemic.

Explaining India's policy approach, FM Sitharaman mentioned that an accommodative fiscal stance was also accompanied by major structural reforms, including the bankruptcy code and targeted help to MSME and other vulnerable sections.

FM Sitharaman had a bilateral meeting with IMF MD Georgieva on the sidelines of the IMF-World Bank Spring Meetings.

The IMF MD also lauded India's help to Sri Lanka in the face of the ongoing economic crisis and FM Sitharaman called upon the IMF to support and urgently provide financial assistance to Sri Lanka.

The Managing Director assured the Finance Minister that the IMF would continue to actively engage with Sri Lanka.

The Finance Minister and the IMF MD were accompanied by senior officials like Anantha V. Nageswaran, Chief Economic Advisor and Gita Gopinath, FDMD of IMF.

After the meetings conclude in Washington, FM Sitharaman will head to San Francisco on April 24, where she will engage with business leaders and will also interact with the faculty and students at Stanford University. (KNN Bureau)