Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs, will go to the United States to attend the annual meetings of the World Bank and the International Monetary Fund (IMF), the Ministry of Finance announced on Monday.
On October 11, 2022, Nirmala Sitharaman will begin her official visit to the US. According to a formal statement issued by the Union Ministry of Finance, she would be present at the G20 Finance Ministers and Central Bank Governor (FMCBG) meetings, as well as the Annual Meetings of the International Monetary Fund (IMF) and the World Bank.
The Finance Minister will participate in bilateral discussions with a number of nations, including Germany, Mauritius, the UAE, Iran, Japan, South Korea, Saudi Arabia, Australia, Bhutan, New Zealand, and the Netherlands. The OECD, European Commission, and UNDP leaders and heads will also meet privately with the finance minister.
In a high-level discussion, the finance minister will separately meet with David Malpass, president of the World Bank, and US Treasury Secretary Janet Yellen to discuss issues of shared interest.
The Union Finance Minister will also take part in a fireside conversation at the prestigious Washington, DC-based non-profit Brookings Institution on “India’s Economic Prospects and Role in the World Economy.”
During her visit, Ms. Sitharaman will speak at the School of Advanced International Studies (SAIS), John Hopkins University, about India’s distinctive Digital Public Goods (DPG) story and the multiplier effects produced in India through the interconnections of “Technology, Finance, and Governance.”
The Union Finance Minister will participate in roundtable discussions with USIBC and USISPF on the topics of “Strengthening Investment and Innovation in India-US Corridor” and “Investing in India’s Digital Revolution” later in the visit.
The finance ministry stated that these talks with influential business figures and investors are intended to showcase India’s policy priorities and discuss ways to encourage foreign investment by highlighting India’s attractiveness as an investment location.