Union Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen met on the sidelines of the third G20 Finance Ministers and Central Bank Governors (FMCBGs) meeting under the Indian G20 Presidency on Monday in Gandhinagar.
The leaders talked about problems like strengthening multilateral development banks and capitalizing on the opportunities given by crypto assets. Sitharaman noted that Prime Minister Narendra Modi’s recent state visit to the United States, as well as his meeting with US President Donald Trump, boosted the strength and dynamism of the US-India cooperation.
Addressing a press conference, Sitharaman said, “Our discussions highlight the commitment of India and the United States to actively further the G20 agenda. And these include addressing critical global issues such as strengthening the multilateral development banks and taking coordinated climate action facilitating consensus to intractable issues associated with rising indebtedness of low and middle-income countries and harnessing opportunities presented by crypto assets and digital public infrastructure for financial inclusion.”
“I also look forward to furthering our bilateral interests through development cooperation and new investment opportunities through alternate investment platforms for renewable energy,” she added.
She further said that with shared democratic values, pluralism, and a strong commitment to rules-based, global order and multilateralism, India and the United States of America are actively engaged in constructive dialogues.
“These exchanges serve as a testament to the mutual commitment to nurture a robust partnership and harness the potential for progress and prosperity,” the finance minister said.
The Finance Minister said that PM Modi’s visit with US President Donald Trump strengthened and energized the US-India partnership.
“The historic visit paved the way for new avenues of collaboration, propelling our partnership to a greater height,” Sitharaman added.
“As we look ahead, we reaffirm our commitment to achieving significant results through close collaboration.” We actively support economic growth, create innovation, and drive sustainable development by using each other’s skills and resources. “Our collaboration will create a prosperous and equitable future, serving as a catalyst for positive change around the world,” added the FM.
The third G20 Finance Ministers and Central Bank Governors (FMCBGs) meeting under the Indian G20 Presidency is taking place today and tomorrow in Gandhinagar.
The meeting will be co-chaired by Sitharaman and Shaktikanta Das, Governor of the Reserve Bank of India (RBI).