FM Sitharaman Heads To US For Spring Meetings Of IMF, World Bank. Check Details

Sitharaman will also meet CEOs from the semiconductor, energy and other sectors of priority for the government, noted the finance ministry

New Delhi: Finance Minister Nirmala Sitharaman headed to the US on Sunday to participate in the spring meetings of the World Bank and the IMF as well as G20 finance ministers and central bank governors (FMCBG).

The meetings will be held amid Sri Lanka’s worsening financial crisis that has triggered political upheaval as well.

What’s on the agenda?

The finance minister is expected to meet with counterparts from several countries, including Indonesia, South Korea, Sri Lanka, and South Africa, according to the news agency PTI.

Sitharaman will also meet CEOs from the semiconductor, energy, and other sectors of priority for the government, the finance ministry said in a statement.

India is projected to record the highest growth rate among large economies of the world. India is likely to register log 8-8.5 per cent GDP growth in the current fiscal ending March.

The high-level meeting will also include the finance minister’s meeting with David Malpass, President, World Bank.

Sitharaman will also participate in a panel discussion on ‘Money at a Crossroad’ hosted by the Managing Director, IMF.

Apart from the official meetings with the World Bank, IMF, G-20, and Financial Action Task Force, the finance minister will also attend an event at the Atlantic Council, a prominent think tank based in Washington DC, and will also interact with the faculty and students at Stanford University.