Joint action for swift post-Covid recovery must: Finance Minister at G20

Tribune News Service

NEW DELHI, APRIL 20

Union Finance Minister Nirmala Sitharaman has said that all countries must together take coordinated action to enable swift post-pandemic recovery as well as build resilience to future shocks.

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Sitharaman shared her insights on the economic outlook, risks and near-term policy challenges such as food and energy security and tightening of global financial conditions at the G20 Emerging Market Economies meeting organised by the International Monetary Fund in Washington, said the Finance Ministry.

“The Finance Minister, speaking on the need for environmentally sustainable and financially viable alternatives of energy sources, said the International Solar Alliance can be an effective platform to catalyse efforts in this direction,” said the Finance Ministry in a tweet.

Sitharaman had arrived in Washington on Monday for the annual spring meetings of the International Monetary Fund and the World Bank. The minister held talks with Financial Stability Board chair Klass Knot and vice-chairman of the Climate Finance Leadership Initiative (CFLI) Mary Schapiro.

The minister also held talks with IMF chief Kristalina Georgieva. With Schapiro, Sitharaman discussed the success in India with respect to building a robust renewable energy market and concurred that it was opportune time for India to play a leadership role in shaping global climate finance trends.

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