FM Nirmala Sitharaman Meets US Treasury Secretary To Discuss G20 Priorities

On Thursday, Treasury Secretary Yellen said that during the G20 summit in India, she will "focus on taking action to strengthen the global economy and support low and middle-income countries."

The meeting comes a day ahead of the G20 Leadership Summit scheduled to be held in New Delhi on September 9-10. 

Source : X/Nirmala Sitharaman

Finance Minister Nirmala Sitharaman held a bilateral meeting with US Treasury Secretary Janet Yellen on Friday to discuss key G20 priorities, bilateral cooperations, and financial issues. The meeting comes a day ahead of the G20 Leadership Summit scheduled to be held in New Delhi on September 9-10. 

"FM Smt. @nsitharaman and Secretary Ms. @SecYellen discussed key #G20 priorities and bilateral cooperation between the two democracies to address pressing global economic and financial issues," the finance ministry said in a post on X (formerly Twitter).

Union Finance Minister Smt. @nsitharaman and United States Treasury Secretary Ms. @SecYellen met today in New Delhi against the backdrop of the #G20 #LeadersSummit to be held in New Delhi on 9th-10th Sept. 2023.

FM Smt. @nsitharaman and Secretary Ms. @SecYellen discussed key… pic.twitter.com/ZggvucXKVA

— Ministry of Finance (@FinMinIndia) September 8, 2023

On Thursday, Treasury Secretary Yellen said that during the G20 summit in India, she will "focus on taking action to strengthen the global economy and support low and middle-income countries."

"The MDBs, particularly the World Bank, are critical to addressing global challenges like climate change, pandemics, and fragility and conflict. The progress we make on these issues is integral to reducing poverty and achieving the Sustainable Development Goals," Yellen said in a tweet. 

 

"We will rally our partners to maintain our collective economic support for Ukraine as well as impose severe costs on Russia," she further said. 

Russia’s war against Ukraine has led to the needless loss of lives and stands in direct contradiction to everything the G20 stands for. We will rally our partners to maintain our collective economic support for Ukraine as well as impose severe costs on Russia.

— Secretary Janet Yellen (@SecYellen) September 7, 2023

"As @POTUS said last year, India is one of America’s indispensable partners. This will be my 4th visit to India in 10 months and our ties are stronger than ever. Bilateral trade between our two countries reached an all-time high last year, and we expect it to grow even further," Yellen tweeted.

FM Sitharaman on Thursday also met with Nigerian Minister of Finance and Economy, Adebayo Olawale Edun, and Nigerian Minister of Budget and National Planning, Abubakar Atiku Bagudu, ahead of the G20 Leaders Summit. The discussions encompassed various areas of mutual interest.

"FM Smt. @nsitharaman conveyed India’s continued support to people of Nigeria in their development trajectory through Indian lines of credit, cooperation between Central Banks, collaboration with NITI Aayog @NITIAayog and exchange on best practices," the finance ministry said in a post on X.