Nirmala Sitharaman US visit: Finance Minister arrives in Washington to attend G20 meetings
Washington, April 10: Union Finance Minister Nirmala Sitharaman arrived in Washington on Sunday to attend the 2023 Spring Meetings of the World Bank Group and International Monetary Fund and other G20 meetings. Ambassador Taranjit Singh Sandhu received her upon arrival.
During her week-long visit, Sitharaman will be engaging in multilateral discussions with Finance Ministers and Central Bankers from across the world.
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The Union Finance Minister will co-chair the 2nd G20 Finance Ministers and Central Bank Governors, FMCBG meeting on April 12 with Reserve Bank of India Governor Shaktikanta Das. The focus of the meeting will be on issues such as addressing food and energy insecurity, managing global debt vulnerabilities, strengthening Multilateral Development Banks, mobilising finance for climate action, advancing financial inclusion, and accelerating progress on International Tax and Financial Sector issues.
Sitharaman will also be participating in a meeting of the Global Sovereign Debt Roundtable, chaired by India, International Monetary Fund and the World Bank, to discuss the current global debt landscape and ways to address existing challenges in debt restructuring. Additionally, she will attend a high-level seminar on “Macro-financial implications of Crypto assets” to review the macro-financial implications of Crypto Assets and discuss policies to leverage benefits and contain risks.
The Finance Minister is also scheduled to meet the US Treasury Secretary Janet Yellen to discuss issues of mutual interest and the G20 Expert Group on strengthening MDBs to discuss the need for an updated MDBs ecosystem for the 21st century towards financing sustainable development goals and transboundary challenges. The meeting is expected to provide informed Finance Track contributions to the Leaders Declaration set for adoption in the New Delhi Summit in September 2023.
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- ANI
