Union Finance Minister Nirmala Sitharaman met with International Monetary Fund (IMF) Managing Director K Georgieva during her two-day visit to Japan on the sidelines of G7 Finance Minister Central Bank Governors meeting. Sitharaman expressed support for Brazil’s upcoming G20 presidency in 2024, which will take place from December 1, 2023, to November 30, 2024. Sitharaman also met with Singapore Deputy Prime Minister and Minister for Finance Lawrence Wong to discuss issues such as digital payment gateway, food security, green transition, skill development, crypto assets, MDB reforms, and pandemic preparedness, among others. Last week, Sitharaman visited South Korea to attend the Asian Development Bank’s annual meeting.
Sitharaman meets Brazilian counterpart and discusses issues relating to infrastructure, MDBs, debt vulnerabilities, and DPI
On the sidelines of the G7 Finance Minister Central Bank Governors meeting, Finance Minister Nirmala Sitharaman met with her Brazilian counterpart Haddad Fernando. They discussed issues related to infrastructure, strengthening multilateral development banks (MDBs), debt vulnerabilities, and digital public infrastructure (DPI). Fernando appreciated India’s organisation of the G20 presidency and its leadership in dealing with significant global economic issues.
Sitharaman highlights emerging role of AI and skilling programs in the context of setting up new AI centers
During her meeting with Singapore Deputy Prime Minister and Minister for Finance Lawrence Wong, Finance Minister Nirmala Sitharaman highlighted the emerging role of Artificial Intelligence (AI) and skilling programs in the context of setting up new AI centers. They discussed ways to collaborate between India and Singapore in AI research and quantum computing.
Asian Development Bank to explore raising resources through rupee-denominated bonds
At the 56th Annual General Meeting of the Board of Governors of the Asian Development Bank (ADB), ADB President Masatsugu Asakawa said that the bank will explore the option of raising resources through rupee-denominated bonds. Raising funds in local currency can help reduce forex volatility.
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