Sitharaman called for enhanced policy cooperation and sharing of experiences to deal with downside risks and their spillovers…reports Asian Lite News
Finance Minister Nirmala Sitharaman on Wednesday met South Korean Minister for Finance and Economy Choo Kyung-ho on the sidelines of G20 finance minister and central bank governors (FMCBG) annual meet in Washington.
She discussed possibilities for G20 Finance in 2023 and sought South Korea’s support for India’s G20 2023 Presidency.
The Finance Minister also invited her counterpart to India for the 6th India-South Korea Finance Ministers meeting.
‘India maintained post-pandemic growth momentum’
Finance Minister Nirmala Sitharaman has said that India has maintained accelerated growth momentum, after the contraction in 2020, by balancing the immediate needs of the economy with long-term structural reforms.
She said this on Wednesday while speaking in the first session of the 4th G20 Finance Ministers and Central Bank Governors meeting in Washington DC on the sidelines of the ongoing IMF-WB annual meetings 2022.
She spoke on the global economy, focussing on India’s economic development and policy responses, the Finance Ministry tweeted.
Sitharaman called for enhanced policy cooperation and sharing of experiences to deal with downside risks and their spillovers.
The Finance Minister is expected to make her interventions in several sessions during the two-day meeting, official sources said.
Talks with Japanese counterpart
Sitharaman on Wednesday interacted with her Japanese counterpart Shunichi Suzuki on the sidelines of the IMF-WB annual meeting in Washington DC.
She told Suzuki that this year is special for India-Japan bilateral relations as both nations are celebrating the 70th anniversary of establishment of diplomatic relations and India is celebrating 75 years of Independence.
Sitharaman also said during the interaction that 2023 brings greater responsibilities for India and Japan on the world stage as both the countries take over Presidencies of the G20 and G7, respectively.
The two ministers also discussed key agenda pertaining to Indo-Pacific economic cooperation, the Finance Ministry tweeted.
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