Nirmala Sitharaman US visit: FM arrives in New York for week-long official programme | FULL DETAILS


Image Source: PTI (File). Nirmala Sitharaman US Tour: Arrives in New York for Official Program of FM Week | Full details.

Nirmala Sitharaman’s US visit Union Finance Minister Nirmala Sitharaman arrived in the US today (April 9) for a week-long official visit. Consul General of India in New York Randhir Jaiswal received Finance Minister Sitharaman at the airport.

Sitharaman will leave for Washington later today. During her stay, Sitharaman will attend the 2023 Spring Meetings of the World Bank and the International Monetary Fund (IMF), G-20 meetings, investor/bilateral meetings and other related meetings. The spring meetings will be attended by finance ministers and ministers. 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’s Shaktikanta Das will jointly chair the second G-20 Finance Ministers and Central Bank Governors meeting on Wednesday-Thursday. Around 350 representatives of G-20 members, 13 invited countries and various international and regional organizations will participate and participate in the multilateral discussions.

List of events: | read out

Second G20 FMCBG Meeting:

The second G20 FMCBG meeting will include three sessions – the global economy and international financial structures; sustainable finance, financial sector and financial inclusion; and international taxes.

“These sessions focus on addressing food and energy insecurity, managing global debt vulnerabilities, strengthening Multilateral Development Banks (MDBs), mobilizing finance for climate action, advancing financial inclusion, and international taxation.” Issues like accelerating progress on financial sector issues will be discussed. The meeting will review India’s progress on outcomes envisioned under the G20 Finance Track Agenda,” an official release said earlier. has gone

The second G20 FMCBG meeting will advance efforts towards the preparation of the G20 India Finance Track deliverables for the third G20 FMCBG meeting to be held in July 2023 in Gandhinagar, India. These meetings are expected to provide an informed finance track contribution to the Leaders’ Declaration set. To be adopted at the New Delhi Summit in September 2023.

Bilateral engagements:

On the sidelines of the Spring Annual Meetings, the Finance Ministers engaged bilaterally with their 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 chairmanship. will keep

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, the Global Sovereign Debt Roundtable, co-chaired by India, the International Monetary Fund and the World Bank, will be convened on April 12, 2023, to discuss the current global debt landscape and ways to address the current challenges in debt restructuring. .

“On April 14, 2023, a high-level seminar on “Macro-Financial Implications of Crypto Assets” will be held to review the macro-financial implications of crypto assets and discuss policies to incorporate benefits and risks. Ms. Sitharaman will also meet the G20 Expert Group on Strengthening MDBs on April 15, 2023, to discuss the need for an updated MDBs ecosystem to finance the Sustainable Development Goals and transparency challenges for the 21st century. .

(with ANI inputs)

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