Finance Minister Nirmala Sitharaman holds virtual meeting with IMF chief Kristalina Georgieva

On Friday, Finance Minister Nirmala Sitharaman held a virtual meeting with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, and discussed various issues, including the impact of rising commodity prices on the Mondial economy.

They also had a discussion on the 16th General Quota Review due to be completed by 2023 and the need to ensure that the under-representation of emerging markets and developing economies is taken into account.

“FM Smt. @nsitharaman and Ms. @KGeorgieva, both expressed concern over the diminishing attention and global supply of #Covid19 vaccines. FM highlighted India’s achievement in successfully administering 1 .79 billion doses while providing 162.9 million doses to countries in need,” the finance ministry said in a series of tweets.

They discussed the issue of affected global supply chains, rising commodity prices and possible effects on the global economy, he added.

“FM Smt. @nsitharaman and Ms. @KGeorgieva suggested the key issue remains controlling inflation while balancing growth needs,” another tweet read.

The two also discussed priorities for the IMF Spring Meetings in Washington DC and the G20 Presidency.

India looks forward to engaging with the IMF for its upcoming G20 presidency in 2023.

Published on

March 12, 2022

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