Nirmala Sitharaman meets Chinese counterpart, discusses global debt vulnerabilities

SECTIONS

PTILast Updated: Jul 18, 2023, 12:54 PM IST

Font Size

Save

Comment

Synopsis

Minister Liu Kun appreciated India's leadership in G20 and stated that a lot of results have been achieved so far, the finance ministry said in a tweet. "Key discussion items included deliverables under #G20India Presidency, including strengthening #MDBs, #GlobalDebt vulnerabilities and #GPFI. Minister Liu Kun also appreciated work of the G20 Independent Expert Group for Strengthening MDBs setup under #G20India Presidency," the tweet said.

Finance Minister Nirmala Sitharaman on Tuesday met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency, including strengthening Multilateral Development Banks and global debt vulnerabilities. Both ministers met on the sidelines of the ongoing 3rd G20 Finance Minister and Central Bank Governors (FMCBG) meeting and discussed the state of their economies, inflation, trade and recognised the importance of a good business environment for economic growth and development.

Minister Liu Kun appreciated India's leadership in G20 and stated that a lot of results have been achieved so far, the finance ministry said in a tweet.

"Key discussion items included deliverables under #G20India Presidency, including strengthening #MDBs, #GlobalDebt vulnerabilities and #GPFI. Minister Liu Kun also appreciated work of the G20 Independent Expert Group for Strengthening MDBs setup under #G20India Presidency," the tweet said.

"Union Finance Minister Smt. @nsitharaman appreciated China's efforts as co-chair of the #SustainableFinance Working Group throughout under the #G20India Presidency," it said.

The two-day FMCBG meeting ends later in the day.

Tuesday, 18 Jul, 2023

Experience Your Economic Times Newspaper, The Digital Way!

Read Complete Print Edition »

Front Page
Pure Politics
Companies
Brands & Companies
More

Bulls Extend Record Run, Ignore Asia, Europe Bears
Indian equity gauges Monday soared to fresh highs after shrugging off concerns of tepid Chinese growth as robust earnings at HDFC Bank, which dwarfed Morgan Stanley in market value on the first day of trading as a merged entity, helped extend the recent bullish momentum paced by sustained overseas buying in domestic risk assets.
India Inc Likely to ‘Ad’ 20-25% to its H2 Spends this Yr
Advertising and consumer promotion expenditure is expected to surge a record 20-25% year-on-year in the second half of 2023, spurred by factors such as the Cricket World Cup, a rainy summer that has led companies to postpone ad spends, and the festive season, said executives.
Dunzo Eyes $20m More from Rel Retail
Dunzo is seeking at least $20 million (about ₹165 crore) more from Reliance Retail, its largest shareholder, after the cash-strapped quick commerce startup fell short of its target to raise $75 million by offering convertible notes, people aware of the discussions said.