New Delhi: Union Minister Nirmala Sitharaman will be embarking on an official visit to the USA, beginning April 10, 2023, an official statement said on Saturday.
During the visit, Sitharaman will be attending the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), along with G20 meetings, Investor/ Bilateral meetings, and other associated meetings, scheduled to take place from April 10 to April 16, 2023, in the WBG and IMF Headquarters in Washington DC.
The spring meetings will be attended by finance ministers and central bankers from across the world.
The Indian finance ministry delegation will be led by the Union Minister for Finance and Corporate Affairs and will comprise officials from the Ministry of Finance and RBI.
Finance Minister Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das will jointly chair the 2nd G20 FMCBG meeting on April 12-13, 2023.
Around 350 delegates from G20 members, 13 invitee countries, and various international and regional organisations will participate and engage in multilateral discussions centred around a broad spectrum of pressing global issues, the statement said.
The 2nd G20 FMCBG meeting will advance efforts towards the preparation of G20 India Finance Track deliverables for the 3rd G20 FMCBG meeting to be held in Gandhinagar, India, in July 2023, the statement added.
On the sidelines of the Spring Annual Meetings, the Finance Minister will have bilateral engagements with her respective counterparts from G20 countries and Heads of other delegations, including major international organisations, to discuss issues and areas of mutual interest and cooperation under India’s G20 Presidency.
In the course of her visit, the Union Finance Minister will also participate in a fireside chat at the Peterson Institute of International Economics (PIIE) on April 10, 2023.
In a high-level meeting on April 11, 2023, the Finance Minister will meet the US Treasury Secretary Ms. Janet Yellen to discuss issues of mutual interest.
During the official visit, a meeting of the Global Sovereign Debt Roundtable will be co-chaired by India, International Monetary Fund, and the World Bank on April 12, 2023, to discuss the current global debt landscape and ways to address existing challenges in debt restructuring.
On April 14, 2023, a high-level seminar on “Macro-financial implications of Crypto assets” will be held to review the macro-financial implications of Crypto Assets and discuss policies to leverage benefits and contain risks.
Sitharaman will also meet the G20 Expert Group on strengthening MDBs on April 15, 2023, to discuss the need for an updated MDBs ecosystem for the 21st century towards financing sustainable development goals and transboundary challenges.
Besides these, the Finance Minister will also participate in a high-level Seminar on ‘Stacking up the benefits of Digital Public Infrastructure (DPI)’ organised by the IMF on April 14, 2023.
UNI
