Finance Minister Arun Jaitley will be on official tour from October 7 to 11, 2015 to Lima, Peru to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank and other associated meetings.
The Finance Minister, in his capacity as India’s Governor on the Board of Governors’ of IMF and the World Bank, leads the Indian delegation to these meetings. Raghuram Rajan, Governor, RBI, Shaktikanta Das, Secretary, Department of Economic Affairs and Arvind Subramanian, Chief Economic Adviser (CEA) and other senior officials are also part of the Indian delegation.
During his visit, Jaitley will be addressing the meetings of Commonwealth Finance Ministers and G-20 Finance Ministers and will be speaking at the Ministerial Panel on Climate Finance.
Jaitley will also hold bilateral meetings with the President, World Bank, and the finance ministers of other countries. The key issues of discussion during the World Bank meeting are the role of World Bank and the International Monetary Fund (IMF) to support the 2030 agenda for Sustainable Development Goals (SDGs), shareholding review of the World Bank and changes in the financing structures of International Development Agency (IDA).
In addition, the recent developments in the global economy, strategies and policy options to strengthen global recovery, financial stability issues and the stalemate in the implementation of the 2010 IMF quota and governance reforms are key issues that would be discussed during the IMF meetings.
The Finance Minister Jaitley will return to national capital on 14th October, 2015 after his 10-day visit to USA and Peru.