G20 Finance Ministers Meeting : Sitharaman To Leave For Morocco

To attend meetings of global financial institutions , Union Finance Minister Nirmala Sitharaman is to leave for Morocco for a five day tour. During her visit she will be attending the  annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) along with G20 and investor/bilateral meets with Indonesia, Morocco, Brazil, Switzerland, Germany and France, from October 11-15.

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The Indian delegation, to be led by the finance minister, will comprise officials from the Ministry of Finance and the Reserve Bank of India (RBI). Sitharaman and RBI Governor Shaktikanta Das will co-chair the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) meeting at Marrakech, Morocco. A government source clarified.

G20 FMCBG meeting will witness the participation of 65 delegations from G20 countries, invitee countries, and international organisations in multilateral discussions.  Fourth G20 FMCBG meeting will comprise two sessions: Strengthening Multilateral Development Banks (MDBs) to address shared challenges of the 21st Century and Global Economy and Crypto Assets Agenda.

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She will also engage in a roundtable discussion on “IMF policy priorities and how the institution should support its membership” in a high-level event organised by the US Treasury sources said.

She will be returning on October 16.