Quick Summary
Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman here today attended the Plenary Meeting of the International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund (IMF) at the virtual Spring Meetings 2021. The meeting was attended by Governors/Alternate Governors representing 190 member countries of the IMF. The discussions at the meeting were based on IMF Managing Directors Global Policy Agenda (GPA) titled, Bolstering the Recover
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FAQ :
Smt. Nirmala Sitharaman attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) of the Board of Governors of the International Monetary Fund (IMF) during the virtual Spring Meetings 2021.
The discussions were based on the IMF Managing Director's Global Policy Agenda (GPA) titled, "Bolstering the Recovery, Countering Divergence," and focused on actions taken by member countries to combat COVID-19 and facilitate economic recovery.
She emphasised that the transition to a low-carbon economy needs to consider its implications for Emerging Market and Developing Economies, noting the disproportionately higher burden and potential short-term lack of benefits for these countries, and stressed the principles of equity and differentiated responsibility.
She endorsed the IMF's view that ending the pandemic and ensuring universal availability of vaccines and medical solutions is a key priority. She also informed the committee about India's vaccination drive and its supply of made-in-India COVID-19 vaccine doses to 80 countries.
The IMFC meets twice a year: once during the Fund-Bank Spring Meetings in April, and again during the Annual Meetings in October.
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