Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, led the UAE delegation to the Second Finance Ministers and Central Bank Governors (FMCBG) meeting of the Finance Track of the G20 for 2023, which was held on the sidelines of the 2023 Spring Meetings of the World Bank Grou
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman participated in the high-level meeting on Sri Lanka's debt issues on the sidelines of the International Monetary Fund (IMF)- World Bank (WB) Spring Meetings.
Sitharaman, who is on a week-long visit to the US, outlined initiatives to bolster the economic status of women during the IMF/World Bank Spring meetings. She appeared to highlight how the Modi Govt has been working with the idea of women-led development and not just women-centric develop
Speaking at a press briefing in Washington on Thursday, Union Finance Minister Nirmala Sitharaman said that the third pillar will now have to be sustainable goals and other climate-related objectives, climate funding, and so forth.
Describing the Global Financial Architecture as a "very important area", Union Finance Minister Nirmala Sitharaman said that through India's G20 Presidency, several sessions will be taking place to get into the details of how we want to look at the financial architecture itself.
Sitharaman said this on the first day of the second G20 Finance Ministers and Central Bank Governors meeting held in Washington DC, which she co-chaired with Reserve Bank of India's Governor Shaktikanta Das.
Nirmala Sitharaman stated that "despite this year's projected growth rate of over 6 per cent for the Indian economy, we remain concerned about the global economic outlook and geopolitical environment", according to a tweet posted by the ministry of finance on Thursday.
Ukrainian President Volodymyr Zelensky made an appeal to the heads of the IMF and World Bank on Wednesday and renewed his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine.
Union Finance Minister Nirmala Sitharaman on Wednesday underlined that in order to address the mounting debt crisis around the world, it is necessary to supplement current global initiatives, especially those of the G20.
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.
The discussion was focused on the impact of global development challenges like climate change, pandemics, fragility and conflict on development progress, and reforms at the World Bank, according to the Finance ministry.