Finance Minister Nirmala Sitharaman Visit: Union Finance Minister Nirmala Sitharaman will leave for Morocco tomorrow on an official visit to attend the IMF-World Bank Annual Meeting 2023. The Union Finance Minister, apart from investor and bilateral meetings with several countries and organisations, will also participate in the 4th meeting of the G20 Finance Ministers and Central Bank Governors under the Indian Presidency of the G20.
Meetings to be held in Marrakesh-Morocco from 11-15 October, 2023
During the visit, Sitharaman will attend the annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) as well as G20 meetings and investor/bilateral meetings with Indonesia, Morocco, Brazil, Switzerland, Germany and France and other related meetings. Will also participate in. These meetings will be held in Marrakesh, Morocco from October 11-15, 2023.
Finance ministers and central bankers from around the world will participate in the annual meetings. The annual meetings, usually held in October, are traditionally held in Washington, D.C. for two consecutive years. and in the third year are held in another member country. The Indian delegation to the annual meetings will be led by the Union Minister of Finance and Corporate Affairs and will include officials from the Finance Ministry and the Reserve Bank of India.
Union Finance Minister Smt. @nsitharaman to embark tomorrow on an official visit to #Marrakech, Morocco, to attend the IMF-World Bank 2023
During the visit, Union Minister for Finance Smt. @nsitharaman will attend the 2023 of the @WorldBankand… pic.twitter.com/Iev3QDzr3D
— Ministry of Finance (@FinMinIndia) October 9, 2023
Finance Minister Smt. Sitharaman and Reserve Bank of India (RBI) Governor Shri Shaktikanta Das will co-chair the fourth meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG). The G20 FMCBG meeting will see the participation of 65 delegations from G20 countries, invited countries and international organizations in multilateral discussions covering a broad spectrum of important global issues.
The 4th G20 FMCBG meeting will consist of two sessions
Strengthening Multilateral Development Banks (MDBs) to address the common challenges of the 21st century
Global Economy and Crypto Asset Agenda
During the meeting, Segment 2 of the report on Strengthening MDBs by the Independent Expert Group (IEG) will also be released. Segment 1 was released during the 3rd FMCBG meeting held in Gandhinagar, Gujarat. On the sidelines of the 4th G20 FMCBG Meeting, the Indian G20 Presidency, the heads of the International Monetary Fund and the World Bank will co-chair the Global Sovereign Debt Roundtable (GSDR) on 12 October 2023. The roundtable will discuss progress made on debt restructuring and discuss ways and means to support the work of G20 countries.
At a high level event organized by USA Treasury, Union Finance Minister "IMF policy priorities and how the institution should support its membership" Will participate in a round table discussion on the topic. Union Finance Minister with the World Bank Group on Japan’s G7 Chairmanship "Strengthening and Inclusive Supply Chain Promotion" Will also participate in a discussion on Partnership for (RISE).
Smt Sitharaman will participate in the discussion on macroeconomic outlook during the G7 Africa Ministerial Roundtable on the sidelines of the IMF-WB Annual Meeting in Marrakesh. Co-hosted by the German Federal Ministry for Economic Cooperation and Development and the Center for Global Development (CGD) "mdb development" Smt. Sitharaman will also give the keynote address in a session of.
During his visit, the Union Finance Minister "Revitalizing growth with inclusion: mobilizing private capital to support governments and multilateral institutions" Will also participate in a round table meeting on the topic.
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