Union Finance Minister Nirmala Sitharaman on Wednesday participated in the roundtable on 'Multilateral Development Bank Evolution: Building Shareholder Consensus' hosted by the US Department of Treasury Secretary at World Bank headquarters.
"We realize that 2020-2021 has been actually a lot better than we thought and so actually there's less room for catching up. And that pent-up demand from consumers that were informing our previous forecast is therefore going to be less because they've already had more catching up before.
Finance Minister Nirmala Sitharaman on Tuesday met with US Treasury Secretary Janet Yellen on the sidelines of the World Bank and IMF Spring Meetings 2023 in Washington.
The International Monetary Fund (IMF) in its flagship World Economic Outlook projected that India will be the fastest growing economy in the world amid financial sector turmoil, high inflation, ongoing effects of the Russia-Ukraine war, and three years of COVID.
"There is a very slim chance that Pakistan may be able to win Saudi Arabian support for the resumption of its IMF programme, but if it does, this will be a temporary respite," analyst Mosharraf Zaidi wrote in The News International last week. Saudi under Crown Prince, Prince Mohammed bin Sa
The International Monetary Fund (IMF) on Tuesday lowered its growth forecast for the global economy to 2.8 per cent and also said that the recovery of the global economy from both the pandemic and Russia's invasion of Ukraine remains 'on track'.
The Union Finance Minister will be attending meetings with Finance Ministers and Central Bankers from across the world. The meeting is scheduled to take place today at IMF Headquarters in Washington.
The 2023 Spring Meetings will be held in Washington, D.C., from April 10-16 under the theme "The Way Forward: Building Resilience and Reshaping Development''.
In a statement to the spring meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), the International Trade Union Confederation (ITUC) and its Global Unions partners are calling for the International Financial Institutions (IFIs) to overhaul the multilateral system
During her stay, Sitharaman will be attending the 2023 Spring Meetings of the World Bank and the International Monetary Fund (IMF), along with G20 meetings, Investor/ Bilateral meetings, and other associated meetings.
Mohamed Bin Hadi Al Hussaini stated that the ministry is keen on attending and participating in such international events, engaging in the international decision-making process and unifying efforts to serve the countries of the region and the world.
"We are now only awaiting the confirmation of a USD 1bn commitment from one friendly country. After that, all their requirements to conclude the staff-level agreement will be complete. Following that, it takes two more weeks to take the matter into the board meeting," he assured his people.