Union Finance Minister Smt. @nsitharaman and MD IMF Ms @KGeorgieva met during the Spring Meetings of IMF-WB, today, in Washington D.C. (1/7)
MD IMF Ms @KGeorgieva congratulated India on its successful #VaccinationProgramme to control the spread of #COVID19. She also appreciated India for extending #COVID19 relief support to other vulnerable countries. (2/7)
Ms @KGeorgieva highlighted India’s well targeted policy mix that has helped Indian economy remain resilient even with a limited fiscal space. (3/7)
Ms @KGeorgieva also appreciated India’s help to Sri Lanka in tackling its economic crises and assured that the IMF would continue to actively engage with Sri Lanka. (4/7)
During her conversation with Ms @KGeorgieva, FM Smt. @nsitharaman stressed on the Government of India’s commitment to support economic growth through #CapitalExpenditure.
(5/7)
FM Smt. @nsitharaman underlined that India’s accommodative fiscal stance accompanied by major structural reforms and strong monetary policies have helped in India’s post pandemic #EconomicRecovery. (6/7)
Discussing the recent geopolitical developments, FM Smt. @nsitharaman and Ms @KGeorgieva raised concerns about its impact on global economy and the challenges linked to the rising energy prices due to it. (7/7)
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Union Finance Minister Smt. @nsitharaman interacted via VC with several distinguished US universities to explore the opportunity of setting up foreign universities/institutions in @GIFTCity_ IFSC, which was an announcement made in Union Budget 2022. (1/6)
Recognising the inherent potential of the IFSC, the Budget announcement paved the way for allowing world-class foreign universities to offer courses in Financial Management, FinTech, Science, Technology, Engineering and Mathematics in @GIFTCity_ IFSC. (2/6)
The FM spoke about the win-win opportunities for the financial services industry as well as the foreign universities operating out of IFSC, and how that can create an ideal global ecosystem for the development of skills needed in the future. (3/6)
Union Finance Minister Smt. @nsitharaman attended earlier today the Development Committee Meeting of the World Bank in Washington D.C. (1/4)
Finance Minister Smt. @nsitharaman stated that India’s economic growth in the current year is estimated to be 8.9 per cent, highest among all large economies and reflects India’s #resilience and #strong#recovery. (2/4)
Finance Minister stated that India voluntarily offered COVID Vaccine Intelligence Network platform #CoWIN to all countries & is willing to provide assistance for other public-goods platforms, recognising the importance of replication of proven & scalable digital platforms. (3/4)
The two discussed India’s continued #recovery from #COVID19, impact of Russia-Ukraine conflict, Single Borrower Limit & exploring the possibility of Guarantees from other G-7 nations, India’s #G20Presidency and @WorldBank leadership in India. (2/6)
Finance Minister Smt. @nsitharaman stated that India’s pandemic response has focused on the twin goals of saving lives and livelihoods. India has been successfully running world’s 2nd largest #vaccination programme, administering more than 1.85 billion doses of #vaccines. (3/6)
Union Finance Minister Smt. @nsitharaman attended the FATF Ministerial Meeting in Washington DC today conducted along-side the 2022 Spring Meetings of the IMF-WB to endorse @FATFNews strategic priorities for the years 2022-24. (1/6)
The Strategic Priorities for FATF for 2022-24 are:
✅ Strengthen the FATF Global Network
✅ FATF systems of Mutual Evaluations
✅ Enhance International Beneficial Ownership Transparency
✅ Increase Capabilities to more effectively recover Criminal assets
(2/6) (cont…/-)
The Strategic Priorities for FATF for 2022-24 are (cont…/-):
✅ Leverage Digital Transformation
✅ Ensure Sustainable Funding for FATF Strategic priorities.
Union Finance Minister Smt. @nsitharaman attends the Plenary Meeting of the International Monetary and Financial Committee of the IMF, in Washington D.C., today. (1/5)
In the backdrop of the emerging challenges, Finance Minister Smt. @nsitharaman conveyed that the global economy may witness some growth deceleration. (2/5)
Finance Minister Smt. @nsitharaman stated that the latest IMF growth projection for India during 2022-23, at 8.2 % is the fastest among major economies in the world. India has continued to implement key structural reforms aimed at enhancing productivity and employment. (3/5)