Washington: Union Finance Minister Nirmala Sitharaman discussed the debt crisis and other issues during her meeting with Gita Gopinath, the first deputy managing director of the International Monetary Fund. Sitharaman is leading a high-level Indian delegation here to attend the annual meetings of the IMF and the World Bank.
Sitharaman congratulated Gopinath for expediting India’s work on the Global Sovereign Debt Roundtable and reiterated India’s commitment to address debt-related sensitivities, the Finance Ministry tweeted after the meeting.
In a tweet, Union Ministry said, “Union Finance Minister Smt. @nsitharaman met with Ms. @GitaGopinath, FDMD, International Monetary Fund @IMFNews, on the sidelines of the IMF-WB #SpringMeetings 2023 in Washington DC, today.”
The government said that Finance Minister noted IMF’s concerns on key downside risks to the economy including financial sector stress, rising real interest rates, elevated debt, inflation, geo-political fragmentation, and faltering growth in China, as highlighted in World Economic Outlook.
Union Finance Minister acknowledged IMF’s support to the G20 India Presidency in the form of inputs towards developing evidence-based policy guidance.