New Delhi: Finance Minister Nirmala Sitharaman told the G20 Finance Ministers and Governors of Central Banks (FMCBG) here that inflation remains high for a long time, supply chain disruptions, energy The pace of global growth has been impacted by volatility in the markets, and uncertainty among investors. The meeting was held on Wednesday under the chairmanship of Indonesia. Its agenda was the global economic landscape and risks, the international financial structure, and global health.
The Finance Ministry tweeted, “Finance Minister Nirmala Sitharaman said that the pace of global growth was affected by prolonged high inflation, supply chain disruption, volatility in energy markets, and uncertainty among investors.” It further said, “The Finance Minister said that the G20 is well prepared to catalyze international policy coordination to address macroeconomic consequences.
He also called for proactive collective efforts to protect the economies. Sitharaman arrived in Washington on Monday for the annual spring meetings of the IMF and the World Bank. On Tuesday, he met the head of the International Monetary Fund, Kristalina Georgieva. On the sidelines of these meetings, the Finance Minister also met John Neufer, President, and Chief Executive Officer of the Semiconductor Industry Association. In another tweet, the ministry said, “John Neufer tells Finance Minister Nirmala Sitaranam that he is excited by the Government of India’s initiatives to promote investment in the semiconductor ecosystem. He also appreciated India’s commitment to securing a trusted position in the global supply chain.
