WASHINGTON DC : The impact of COVID-19 pandemic is significant on India's development and the immediate priority is a coordinated policy response, the International Monetary Fund (IMF) has said."Given the unprecedented shock, the immediate priority is a coordinated policy response to fight the virus," said IMF Spokesman Gerry Rice at a press briefing here on Thursday (local time).He said the IMF supports the government's responses to the pandemic, including fiscal stimulus with a focus on low-income workers and households."We support the monetary easing and liquidity and regulatory measures for the financial sector for borrowers that have taken place.