Diarytimes Media Network, Shimla Published by : Kumud Sharma, Updated July 17, 2023 by Diary Times
Speaking at the third meeting of G20 Finance Ministers and Central Bank Governors in Gandhinagar, Gujarat, Sitharaman said that I think this dialogue will improve the corporation between India and South East Asia while contributing to global economic and financial stability.
Similarities in the Economy of India and Indonesia
During this, Sitharaman said that the economies of India and Indonesia are among the fastest growing economies of the world. We are part of G-20, WTO and East Asia submit. India has taken over the chairmanship of G20 from Indonesia. We will put many important issues in the G20 under our chairmanship.
Advice given to Asian Infrastructure Investment Bank
Asian Infrastructure Investment Bank (AIIB) was suggested by Finance Minister Nirmala Sitharaman that considering the infrastructure requirement of the member countries, innovative methods of finance should be used.
Sitharaman also met AIIB President Jin Liqun and discussed several other global issues with him. Also discussed important issues related to clearance of Indian projects in Uttarakhand, Himachal Pradesh and other border states of India. AIIB finances infrastructure projects.
Along with this, he appreciated AIIB for supporting India’s G20 chairmanship. At the same time, he also emphasized the need for MBD reforms and the importance of coordination and cooperation among MBDs.