On the eve of the third G20 Finance Ministers and Central Bank Governors (FMCBGs) conference held in Gandhinagar under the Indian G20 Presidency, Union Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen met.
The leaders talked about issues like bolstering multilateral development banks and utilising the advantages offered by digital assets.
Prime Minister Narendra Modi’s recent state visit to the US last month and his meeting with US President strengthened and energised the US-India partnership, according to Ms. Sitharaman.
“Our discussions highlight the commitment of India and the United States to actively further the G20 agenda,” Ms. Sitharaman said during a press briefing. And among them are tackling pressing global issues like bolstering multilateral development banks, coordinating climate action, facilitating agreement on intractable problems related to the rising debt of low- and middle-income countries, and seizing opportunities provided by cryptocurrencies and digital public infrastructure for financial inclusion.
In addition, she said, “I look forward to advancing our shared interests through development cooperation and new investment opportunities through alternative investment platforms for renewable energy.
She added that India and the United States of America are actively involved in fruitful talks because of their shared commitment to multilateralism, rules-based international order, and democratic ideals.
The finance minister stated that “these exchanges serve as a testament to the mutual commitment to nurture a strong partnership and harness the potential for progress and prosperity.”
The Finance Minister said that the meeting between Prime Minister Modi and the US President strengthened and energised the US-India alliance.
“The historic visit paved the way for new avenues of collaboration, propelling our partnership to a greater height,” Ms. Sitharaman stated.
As we move forward, we reaffirm our dedication to achieving significant results through close involvement. We actively encourage economic growth, support innovation, and propel sustainable development by combining our resources and experience. Our collaboration will bring forth a prosperous and just future, acting as a global catalyst for good change, the finance minister declared.
Today and tomorrow in Gandhinagar is the third G20 Finance Ministers and Central Bank Governors (FMCBGs) conference under the Indian G20 Presidency.
The meeting is being jointly presided over by Ms. Sitharaman and Shaktikanta Das, governor of the Reserve Bank of India (RBI).
