Nirmala Sitharaman US Tour: Union Finance Minister Nirmala Sitharaman arrived in the US today (April 9) on a week-long official visit. Consul General of India in New York Randhir Jaiswal received Finance Minister Sitharaman at the airport.
Later today, Sitharaman will leave for Washington. During her stay, Sitharaman will attend the 2023 Spring Meetings of the World Bank and the International Monetary Fund (IMF), along with G20 meetings, investor/bilateral meetings and other related meetings. The Spring meeting will include the Finance Minister and other related meetings. Central bankers around the world.
The Indian delegation will also include officials from the Ministry of Finance and the Reserve Bank of India (RBI). Finance Minister Sitharaman and RBI Shaktikanta Das will jointly chair the second G20 Finance Ministers and Central Bank Governors meeting during Wednesday-Thursday. Around 350 delegates from G20 members, 13 invited countries and various international and regional organizations will participate and engage in multilateral discussions.
List of events: | Reading
2nd G20 FMCBG meeting:
The 2nd G20 FMCBG meeting will consist of three sessions – Global Economy and International Financial Structure; Sustainable Finance, Financial Sector and Financial Inclusion; and international taxation.
“The focus of these sessions will be on addressing food and energy insecurity, managing global debt vulnerabilities, strengthening multilateral development banks (MDBs), mobilizing finance for climate action, advancing financial inclusion, and accelerating international tax and progress.” Issues to be discussed. Financial sector issues. The meeting will take stock of the progress made on the outcomes envisaged under India’s G20 Finance Track Agenda,” an official release said earlier.
The 2nd G20 FMCBG meeting will step up efforts towards preparing the G20 India Finance Track Deliverables for the 3rd G20 FMCBG meeting to be held in Gandhinagar, India in July 2023. These meetings are expected to provide informed finance track contributions to the Leaders’ Declaration set. For adoption at the New Delhi summit in September 2023.
Bilateral Affiliation:
On the sidelines of the Spring Annual Meetings, the Finance Minister will hold bilateral talks with their respective counterparts from G20 countries and heads of other delegations, including major international organizations, to discuss issues and areas of mutual interest and cooperation under India’s G20 Presidency.
In a high-level meeting on Tuesday (April 11), the Finance Minister will meet US Treasury Secretary Janet Yellen to discuss issues of mutual interest. In addition, a meeting of the Global Sovereign Debt Roundtable will be co-chaired by India, the International Monetary Fund and the World Bank on April 12, 2023, to discuss the current global debt landscape and ways to address the current challenges in debt restructuring Will go
“On April 14, 2023, a high-level symposium on “Macro-financial implications of crypto assets” will be held to review the macro-financial implications of crypto assets and ways to leverage the benefits and mitigate the risks Policies will be discussed.Smt Sitharaman will also meet the G20 Expert Group on Strengthening MDBs on April 15, 2023 to develop an updated MDB ecosystem for the 21st century for financing the Sustainable Development Goals and transboundary challenges requirement can be discussed.
(With ANI inputs)
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