IMF supports PM Modi's efforts to fight corruption

International Monetary Fund , IMF has supported Prime Minister Narendra Modi's efforts to fight corruption by demonetizing 500 and 1000 rupees notes but cautioned that the move has to be managed prudently.IMF spokesman Gerry Rice told reporters in Washington that the global body supports



Modi government's measures to fight corruption and illicit financial flows in India. 

He, however, said that the move has to be managed prudently to minimize possible disruptions keeping in mind the large role of cash in everyday transactions in Indian economy.