Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
The Hindu Bureau

India eyes IMF support ahead of G20 presidency

India will soon release the list of focus areas to be pursued during its tenure as the G20’s chair, which it is set to assume in December this year, Finance Minister Nirmala Sitharaman said, hours before she met the International Monetary Fund (IMF) top boss Kristalina Georgieva to discuss IMF’s support through its G20 presidency. 

“We will be taking over the G20 chair at a very challenging time,” Ms. Sitharaman said, noting that India’s presidency period will coincide with a time when the world is concerned about global debt and climate challenges. 

“Some of the ongoing issues will continue on the agenda, [there are] some which India will like to take up on its own,” she added.

Ms. Georgieva and the minister later shared concerns on key downside risks to the global economy and the cross-border effects due to the geopolitical situation and tighter financial conditions, the Finance Ministry said in a statement.

The effect of higher global inflation due to the rise in food and energy prices and international debt, which has impacted low-income countries the most, was also discussed, with Ms. Sitharaman underlining the need to ensure energy security for all, it added. 

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.