IMF lauds India for 'right policies' to lower debt, bats for transparency

IMF on Wednesday warned that an unexpected rise in the US inflation, resulting from the aggressive fiscal stimulus launched by President Donald Trump

The International Monetary Fund has called for transparency in debt commitments made by countries, including those under the ambitious belt and road initiative (BRI) of China.

Such transparency would help in long-term planning of public finances, Vitor Gaspar, Director, IMF Fiscal Affairs Department told reporters here, yesterday.

"When it comes to debt, it is extremely important that the debt commitments be transparent and transparently assumed so that they can be appropriately reflected in the medium- and long-term programming of public finances," Gaspar said.

He was responding to questions on the debt being accumulated by countries under China's BRI.

Gaspar said the BRI had his