Finance Minister Nirmala Sitharaman on Friday had an interaction with Josh Lipsky of Atlantic Council wherein she spoke about India’s economic outlook and the country’s goals as G20 president, following the 4th G20 finance ministers and Central banks governors (FMCBG) meeting held on October 12-13 and IMF-World Bank meetings in Marrakech, Morocco.
The Finance Minister expressed happiness over the fact that under India’s presidency, G20 has given the world a glimmer of hope, especially at a time when one thinks that multilateral institutions can’t take any decisions and deliver.
“During our G20 presidency, a sense of wanting to deliver was on our minds. So it’s not just to the credit of the Indian G20 Presidency but the members who felt that this was the best opportunity to come out, showing the world that we can take decisions,” the Finance Minister said.
Speaking about payments infrastructure for emerging economies, Sitharaman said that for countries, particularly those in Africa and some of the island countries in the Pacific, there’s a serious problem of not having enough dollars to pay for what they essentially need and we have seen this lasting for more than a desirable time.
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