FM meets IMF MD Georgieva on sidelines of G7 meeting

Reportedly, the ministers discussed about digital payment gateway and crypto assets

: It’s believed that the ministers intend to strengthen India-Singapore cooperation
: It’s believed that the ministers intend to strengthen India-Singapore cooperation

Finance Minister Nirmala Sitharaman on Friday met International Monetary Fund (IMF) managing director K Georgieva on the sidelines of G7 Finance Minister Central Bank Governors meet. She is on a two-day visit to Japan. The G7 meeting is taking place in Niigata.

Sitharaman also met Brazilian counterpart Haddad Fernando on the sidelines of the G7FMCBG meet. Fernando appreciated India’s organisation of the G20 presidency and its piloting of significant global economic issues, the finance ministry said in a tweet. The two ministers discussed issues relating to infrastructure, strengthening multilateral development banks (MDBs), debt vulnerabilities and digital public infrastructure (DPI).

Sitharaman extended her support for Brazil’s upcoming G20 presidency in 2024. The South American nation will hold the G20 presidency from December 1, 2023, to November 30, 2024. Sitharaman also met Singapore Deputy Prime Minister and Minister for Finance Lawrence Wong.

Both ministers exchanged their views on strengthening India-Singapore cooperation on issues like digital payment gateway, food security, green transition, skill development, crypto assets, MDB reforms and pandemic preparedness, among others. She, during the meeting, highlighted the emerging role of Artificial Intelligence and skilling programmes in the context of setting up new AI centres.

Both ministers discussed ways for collaboration between India-Singapore in AI research and quantum computing.

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First published on: 12-05-2023 at 17:00 IST