World News | Sitharaman meets with South African Finance Minister, discusses strengthening bilateral ties and economic cooperation

Washington [US]Apr 20 (ANI): Union Finance Minister Nirmala Sitharaman met with South African Finance Minister Enoch Godongwana in Washington DC on Tuesday and discussed strengthening bilateral relations between the two countries.

“Union Finance Minister @nsitharaman (Nirmala Sitharaman) met Godangwana Enoch, South Africa Finance Minister @TreasuryRSA on the sidelines of the IMF-WB (International Monetary Fund-World Bank) Spring Meetings, in ​​Washington DC today to exchange views on #Mutualinterests matters,” the Treasury Department said in a tweet.

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“The two ministers discussed improving #bilateral relations and #economic #partnership and exploring opportunities to increase bilateral #investment and #trade,” he added.

In the series of tweets, the Ministry of Finance further informed that the Union Finance Minister has acknowledged South Africa’s revenue for the financial year 2021-2022.

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“Finance Minister Smt. @nsitharaman (Nirmala Sitharaman) also acknowledged South Africa’s strong revenue in the 2021-22 financial year which helped boost the country’s economy,” the tweeted. Ministry of Finance.

The Union Minister traveled to Washington today morning on an official visit to attend the Spring Meetings at the World Bank, the G20 Finance Ministers Meeting and the Central Bank Governors Meeting ( FMCBG).

During the first day of the visit, the Minister of Finance participated in a high-level roundtable on “Money at a Crossroads” moderated by Kristalina Georgieva, Managing Director of the IMF.

“We are at a crossroads in terms of speed, distance and proportion, but I see this as a one-way street in which digital money is going to play a bigger role,” the IMF chief said in his opening speech.

Sitharaman highlighted India’s performance in the digital world and the government’s efforts to build the digital infrastructure framework over the past decade, highlighting the increase in digital adoption rate in India during the pandemic. of COVID-19.

The Managing Director of the IMF hailed India’s combination of well-targeted policies which helped the Indian economy to remain resilient. Georgieva highlighted the resilience of India which remains the fastest growing country across the world despite the challenges posed by the COVID-19 pandemic.

Sitharaman called on the IMF to urgently support and provide financial assistance to Sri Lanka. The managing director assured the finance minister that the IMF would continue to actively engage with Sri Lanka, the ministry said.

During the meeting, they discussed several issues currently facing global and regional economies.

Notably, once the meetings are over in Washington, Sitharaman will travel to San Francisco on April 24, where she will speak with business leaders and also interact with Stanford University faculty and students. She will leave for India on April 27. (ANI)

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