New Delhi [India], October 9 (ANI): Union Finance Minister Nirmala Sitharaman will embark Tuesday on an official go to to Marrakech, Morocco, to attend the IMF-World Bank Annual Meetings 2023.
The Union Finance Minister may also take part within the fourth G20 Finance Ministers and Central Bank Governors assembly beneath the G20 Indian Presidency, in addition to investor and bilateral conferences with many nations and organisationsDuring the go to, bilateral and investor conferences with Indonesia, Morocco, Brazil, Switzerland, Germany and France, in addition to different related conferences, are additionally scheduled to happen from October 11-15, 2023, in Marrakech, Morocco, Ministry of Finance mentioned in a launch Monday.
The Annual Meetings can be attended by Finance Ministers and Central Bankers from internationally. The Annual Meetings, which typically happen in October, are usually held in Washington DC for 2 consecutive years and in one other member nation within the third yr.
The Indian delegation for the Annual Meetings can be led by the Union Minister for Finance and Corporate Affairs and can comprise officers from the Ministry of Finance and the Reserve Bank of India.
Finance Minister Sitharaman and Shaktikanta Das, Governor, Reserve Bank of India (RBI), will co-chair the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) assembly. G20 FMCBG assembly will witness participation of 65 delegations from G20 nations, invitee nations, and worldwide organisations in multilateral discussions centred round a broad spectrum of vital world points.
The fourth G20 FMCBG assembly will comprise of two classes — Strengthening Multilateral Development Banks (MDBs) to handle shared challenges of the twenty first CenturyThe fourth G20 FMCBG assembly will comprise of two classes — strengthening Multilateral Development Banks (MDBs) to handle shared challenges of the twenty first Century; and Global Economy and Crypto Assets Agenda.
During the assembly, the Volume 2 of the Report on strengthening MDBs by the Independent Expert Group (IEG) may also be launched. Volume 1 was launch throughout the third FMCBG held in Gandhinagar, Gujarat.
On the sidelines of the fourth G20 FMCBG assembly, Principals from Indian G20 Presidency, International Monetary Fund, and the World Bank will co-chair Global Sovereign Debt Roundtable (GSDR) on October 12, 2023. The Roundtable will talk about the progress made on debt restructuring and discover methods and means to help work of G20 nations.
In a high-level occasion organised by the US Treasury, the Union Finance Minister will interact in a Roundtable Discussion on “IMF policy priorities and how the institution should support its membership”.
The Union Finance Minister may also take part in a dialogue on the Partnership for “Resilient and Inclusive Supply-chain Enhancement” (RISE) – with the World Bank Group, organised by the G7 Japan Presidency.
On the margins of the IMF-WB Annual Meetings in Marrakech, Sitharaman will take part in a dialogue on the macroeconomic outlook throughout a G7 Africa Ministerial Roundtable.
Sitharaman may also give the keynote handle at a session on “MDBs evolution”, co-hosted by the German Federal Ministry for Economic Cooperation and Development and Center for Global Development (CGD).
In the course of her go to, the Union Finance Minister may also take part in a Roundtable on “Reviving Growth with Inclusivity: Galvanising Private Capital to support Governments and Multilateral Institutions”.
In one other high-level occasion on the sidelines, the Union Finance Minister will interact in a dialog with the Atlantic Council on India’s financial prospects by 2024 and past. (ANI)