FM Sitharaman To Embark On US Visit Tonight, To Attend Annual Meetings Of IMF And World Bank

Union Minister for Finance Nirmala Sitharaman will be traveling to the USA late tonight on an official visit to attend several key meetings, an official release said on Monday (10 October).

Sitharama will be visiting the US from 11 October to 16 October.

During her visit, Sitharaman will be attending the annual meetings of the International Monetary Fund (IMF) and the World Bank, the G20 Finance Ministers and Central Bank Governor (FMCBG) meetings.

The Finance Minister will take part in bilateral meetings with several countries, including Japan, South Korea, Saudi Arabia, Australia, Bhutan, New Zealand, Egypt, Germany, Mauritius, UAE, Iran and Netherlands.

She will also hold one-on-one meetings with leaders and heads of Organisation for Economic Co-operation and Development (OECD), European Commission and United Nations Development Programme (UNDP), the Finance Ministry said in a release.

In a high-level meeting, the Finance Minister will meet the US Treasury Secretary Janet Yellen and David Malpass, President, World Bank separately to discuss issues of mutual interest.

She will also participate in a fire side chat on “India’s Economic Prospects and Role in the World Economy” at the Brookings Institution, a prominent non-profit public policy organisation based in Washington, DC.

Sitharaman will share her thoughts on India’s unique Digital Public Goods (DPG) story and multiplier effects created in the country through the interlinkages of ‘Technology, Finance and Governance’ at the School of Advanced International Studies (SAIS), John Hopkins University during the visit.

During the later part of the visit, the Union Finance Minister will attend roundtable meetings with USIBC and USISPF on themes to ‘Strengthen Investment and Innovation in India-US Corridor’ and “Investing in India’s Digital Revolution”.

These meetings with leading business leaders and investors are aimed at highlighting India’s policy priorities, and deliberate on measures to facilitate foreign investment by showcasing India’s attractiveness as an investment destination.