We suggest that the Fund should work on how this deficiency could be satisfactorily addressed. Combating money laundering and financing of terrorism The Indian government vehemently opposes all forms of terrorism and all activities abetting it. We fully endorse the UN Security Council’s Resolutions on combating the financing of terrorism (CFT).
Regarding fiscal policies, the mildly expansionary euro area fiscal stance today and the operation of automatic stabilisers are already providing support to economic activity. If the slowdown is judged more stubborn, any further fiscal easing should be undertaken within the limits of debt sustainability and be differentiated according to fiscal space available.