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Nirmala Sitharaman had a meeting with Gita Gopinath. Union Finance Minister Nirmala Sitharaman met with Gita Gopinath, the first deputy managing director of the International Monetary Fund (IMF), on Tuesday, during which they discussed debt vulnerabilities and other issues. Ms. Sitharaman is leading a high-level Indian delegation to the annual spring meeting of the IMF and the World Bank.
Ms Sitharaman praised Ms Gopinath for accelerating India's work in the Global Sovereign Debt Roundtable with the World Bank and reiterated India's commitment to foster efforts to address growing debt vulnerabilities, the ministry said. of Finance in a tweet after the meeting.
During the meeting, the Finance Minister expressed the IMF's concerns about the main downside risks to the economy, including financial sector stress, rising real interest rates, high indebtedness, inflation, geopolitical fragmentation and faltering growth in China, as highlighted in the World Economic Report. Outlook Outlook for the world economy.
Ms. Gopinath praised the Minister for fruitful discussions that translated the February consensus on the need for a globally coordinated policy response on crypto assets into an agreed set of guiding principles and action plan on crypto assets, the ministry said. in a tweet.
Ms. Sitharaman appreciated the IMF's support of India's G20 Presidency in the form of contributions to the development of evidence-based policy guidance.
