India said that the International Monetary Fund (IMF) should continue to play a critical role in maintaining the stability of the global financial architecture at a time when the whole world is grappling with the Coronovrius pandemic. Participating in the plenary meeting of the International Monetary and Financial Committee (IMFC) through video conferencing, Finance Minister Nirmala Sitharaman said as a responsible member of the global community, India is providing critical medical aid to countries.
The IMFC is the ministerial-level committee of the International Monetary Fund (IMF).
She also talked about Prime Minister Narendra Modi's initiative of creating a COVID-19 Emergency Fund for the SAARC region at a video-meeting of the grouping's leaders.
While appreciating the IMF's support to member countries in times of the COVID-19 crisis, Sitharaman said the multilateral lending agency has always played a pivotal role in maintaining the stability of the international monetary and financial system and it should continue rendering this critical role for the global financial architecture.
The discussions at the meeting were based on IMF Managing Director's Global Policy Agenda titled, 'Exceptional Times - Exceptional Action'.
The members of the IMFC updated the committee on the actions and measures taken by member countries to combat COVID-19 and the IMF's crisis-response package to address global liquidity problems.
For more information contact us on
+91 11 41045481/83; [email protected], [email protected]
