Sitharaman, Gita Gopinath meet in US, both discuss debt vulnerabilities
Team Udayavani, Apr 12, 2023, 8:47 AM IST
Credit: Twitter / @FinMinIndia
Washington DC: Union Finance Minister Nirmala Sitharaman on Tuesday had a meeting with Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), during which they discussed debt vulnerabilities and other issues.
Sitharaman is leading a high-powered Indian delegation to attend the annual Spring Meeting of the IMF and the World Bank.
Sitharaman congratulated Gopinath for accelerating India’s work on the Global Sovereign Debt Roundtable along with the World Bank and reiterated India’s commitment to foster efforts to address growing debt vulnerabilities, the finance ministry said in a tweet after the meeting.
During the meeting, the finance minister noted IMF’s concerns on key downside risks to the economy including financial sector stress, rising real interest rates, elevated debt, inflation, geo-political fragmentation, and faltering growth in China, as highlighted in World Economic Outlook World Economy Outlook.
Gopinath congratulated the minister on the fruitful discussions that translated the February consensus on the need for a globally coordinated policy response on Crypto Assets into an agreed set of guiding principles and an action plan on crypto assets, the ministry said in a tweet.
Sitharaman acknowledged IMF’s support to the G20 Presidency of India in the form of inputs towards developing evidence-based policy guidance.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Floods, landslides kill 49 people in Nepal
Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel’s military says
Never followed ‘India Out’ agenda: Maldives President Muizzu
Israel-Hamas war latest: Israel carries out attacks in Beirut on Hezbollah targets
Yunus calls upon global community to engage with ‘new Bangladesh anew’
MUST WATCH
Latest Additions
Apathy of urban, young voters in Maharashtra matter of concern: CEC Rajiv Kumar
‘Devara: Part 1’ collects Rs 172 crore worldwide on day 1
Can’t match audience expectations, but trying my best: Priyadarshan on reuniting with Akshay Kumar
‘Liar of highest order’: BJP on Rahul’s comments on Ram temple’s consecration
Shirur Tragedy: Driver Arjun laid to rest in hometown; Huge crowd gathers to pay respects
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.