Finance Minister Discusses the impact of rising commodity prices on the economy with the Director of IMF
Finance Minister Nirmala Sitharaman talks with IMF Director Kristalina Georgieva on Friday
New Delhi:
With the Russia-Ukraine conflict impacting the global economy and India’s economic growth likely to suffer as a result of developments, Finance Minister Nirmala Sitharaman on Friday held a virtual meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and discussed various issues, including the impact of rising commodity prices on the world economy.
They also discussed the 16th total quota review scheduled for completion in 2023 and the need to ensure that under-representation of emerging markets and developing economies is addressed. develop.
“FM Smt. @Nsitharaman and Ms. @KGeorgieva, both expressed concern about the reduction in focus and global supply of #Covid19 vaccine. FM highlights India’s record in successfully managing 1 .79 billion doses while simultaneously delivering 162.9 million doses to countries in need,” the finance ministry said in a series of tweets.
Union Finance Minister Smt. @nsitharaman held a virtual chat with Ms. @KGeorgievaManaging Director, IMF @IMFNews . (1/7) pic.twitter.com/D6VokVRgau
– Ministry of Finance (@FinMinIndia) March 11, 2022
Ms. Sitharaman and the IMF executive also talked about the negative impact on global supply chains, rising commodity prices and its impact on the global economy, the official sources added.
“FM Smt. @Nsitharaman and Ms. @KGeorgieva suggest that the key question remains controlling inflation while balancing growth demand,” another tweet said.
FM Smt. @nsitharaman and Ms. @KGeorgieva The important question remains to control inflation while balancing demand for growth. (6/7)
– Ministry of Finance (@FinMinIndia) March 11, 2022
The two also discussed priorities for the IMF’s Spring Meetings in Washington DC and the G20 Presidency.
India looks forward to working with the IMF for the upcoming G20 Presidency in 2023.
