Wednesday, November 29, 2023

US: Sitharaman holds several bilaterals with global leaders

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During her bilateral meetings with top representatives of various international organisations, including the United Nations Development Programme (UNDP), the Financial Action Task Force (FATF), which monitors money laundering and terrorism, and the Organization for Economic Co-operation and Development, the minister had a number of discussions (OECD). Sitharaman and UNDP Administrator Achim Steiner conducted one-on-one discussions during which they discussed a number of important economic concerns.

The FATF President Raja Kuman and the finance minister spoke extensively over the course of their heavy itinerary on Wednesday.

Additionally, Sitharaman spoke with Mathias Cormann, Secretary-General of the OECD, and Choo Kyung-Ho, Deputy Prime Minister and Minister of Economy and Finance of South Korea.

Sitharaman is in the United States on an official trip to attend the annual meetings of the IMF, the World Bank, the G20 Finance Ministers, and the Central Bank Governor (FMCBG) Meetings. The finance minister is having bilateral discussions with a lot of other nations. She is also having private consultations with the presidents and directors of the European Commission.

Sitharaman met ministers from Egypt, Bhutan, the Netherlands, Saudi Arabia, and South Korea during the IMF-WB.

“The FM noted that India is looking forward to expanding bilateral collaboration between the two nations to new and developing fields such as #space, #DigitalTechnologies, financial sector, health sector, and tertiary education,” the ministry added.

India would like to go forward and “further enhance India-Bhutan bilateral relations for the prosperity and well-being of our people,” according to Sitharaman.

As for the additional USD 200 million currency swap deal, the Bhutanese Finance Minister praised the Indian government for helping to implement their 12th Five-Year Plan.

The Union Finance Minister will participate in roundtable discussions with USIBC and USISPF on the topics of “Strengthening Investment and Innovation in India-US Corridor” and “Investing in India’s Digital Revolution” during the visit’s final phase.

These discussions with influential business executives and investors are intended to highlight India’s policy goals and discuss ways to encourage foreign investment by displaying India’s allure as a location for investments.

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