HR

Hrishikesh RajendraAIR 61· 2025

Question 19GS2GS2

Q.19) Critically examine the role of International Monetary Fund (IMF) in addressing debt distress in the Global South. How can India use its post-G20 presidency momentum to push IMF reforms?

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Main Body

IMF is one of the intergovernmental organizations formed through Washington Consensus that deals with Balance & Payment issues of nations.

Role of IMF in addressing debt distress in the Globe South:

1Provision of monetary relief to fiscal issues
2Promotes fiscal prudence and best practices by deserved spending on flexible.
3Tool against economic and socio-political turmoil by Great debt crisis.

Criticism:

1Acts as a tool of neo-colonialism as countries are forced to liberalise.
2Loss of state sovereignty.
3Failure to implement fiscal reforms by Pakistan has been affected ffunder.
4Concentration of power among some members by USA.
5Top-down approach in decision making.
6Curbs social expenditure by: subsidies, health coverage etc.

How India can push IMF reforms:

1Advocate for global coordination and issues by VOICE Summit.
2Provide alternate avenues of funding by: Liquidity swaps to Sri Lanka (moonition).
3Promote UPI - based digital public infrastructure (DPI) as fiscal reform.
4Increase awareness regarding procedures and issues by: secure effort regarding Pakistan during CT window.
5India's role of balancing act of geo-economics through IMF reforms.

— Hrishikesh Rajendra · AIR 61

184 words18 paragraphs

Conclusion

Conclusion: (1) Acts as a tool of neo-colonialism as countries are forced to liberalise. (2) Loss of state sovereignty. (3) Failure to implement fiscal reforms by Pakistan has been affected ffunder. (4) Concentration of power among some members by USA. (5) Top-down approach in decision making. (6) Curbs social expenditure by: subsidies, health coverage etc. How India can push IMF reforms: (1) Advocate for global coordination and issues by VOICE Summit. (2) Provide alternate avenues of funding by: Liquidity swaps to Sri Lanka (moonition). (3) Promote UPI - based digital public infrastructure (DPI) as fiscal reform. (4) Increase awareness regarding procedures and issues by: secure effort regarding Pakistan during CT window. (5) India's role of balancing act of geo-economics through IMF reforms.

122 words

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0.6/10

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Topper

Hrishikesh Rajendra

AIR 612025

Subject & Paper

GS2GS2

Topic

International Institutions, Agencies and Fora - Structure and Mandate

Important International Institutions

IMF and debt distress

Writing Stats

306

Total words

18

Paragraphs

formal

Tone

Linked PYQ

The coronavirus disease (COVID-19) pandemic has quickly spread to various countries. As of May 8th, 2020, in India 56342 positive cases of corona had been reported. India with a population of more than 1.35 billion had difficulty in controlling the transmission of coronavirus among its population. Multiple strategies became necessary to handle this outbreak. The Ministry of Health and Family Welfare of India raised awareness about this outbreak and to take all necessary actions to control the spread of COVID -19. Indian Government implemented a 55-day lockdown throughout the country to reduce the transmission of the virus. Schools and colleges had shifted to alternative modes of teaching-learning-evaluation and certification. Online mode became popular during these days. India was not prepared for a sudden onslaught of such a crisis due to limited infrastructure in terms of human resources, money and other facilities needed for taking care of this situation. This disease did not spare anybody irrespective of caste, creed, religion on one hand and ‘have and have not’ on the other. Deficiencies in hospital beds, oxygen cylinders, ambulances, hospital staff and crematorium were the most crucial aspects. You are a hospital administrator in a public hospital at the time when coronavirus had attacked a large number of people and patients were pouring into the hospital day in and day out. (a) What are your criteria and justification for putting your clinical and non-clinical staff to attend to the patients knowing fully well that it is a highly infectious disease and resources and infrastructure are limited? (b) If yours is a private hospital, whether your jurisdiction and decision would remain the same as that of a public hospital?

20M2021Explain