U.S. Treasury Secretary Yellen to visit India in November

U.S. Treasury Secretary Janet Yellen will go to India in November to attend the U.S.-India Financial and Monetary Partnership forward of the G20 conferences, she knowledgeable Finance Minister Nirmala Sitharaman

U.S. Treasury Secretary Janet Yellen will go to India in November to attend the U.S.-India Financial and Monetary Partnership forward of the G20 conferences, she knowledgeable Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman held bilateral talks together with her American counterpart, Treasury Secretary Janet Yellen, throughout which Ms. Yellen introduced that she would go to India in November.

“I’m glad to announce right this moment that in November ahead of the G20 meetings, I’ll take my first journey to India as Treasury Secretary, to attend the U.S.-India Financial and Monetary Partnership, our ninth Partnership assembly,” Ms. Yellen stated, as the 2 delegations sat throughout the desk from one another on the U.S. Treasury on Tuesday night.

Ms. Sitharaman confirmed the dialogue would happen on November 11 in New Delhi.

“The agenda is, after all, broad and diversified,” she stated about subsequent month’s conferences, highlighting just a few key areas up for dialogue.

This included taking inventory of the world economic system; monetary, regulatory and technical collaboration; cooperation through the G20 Presidency of India; how municipal bonds will be of assist to India; and attracting infrastructure investments.

Ms. Sitharaman, who’s in Washington D.C. for the World Financial institution IMF Annual Conferences, was accompanied by six delegates for Tuesday’s talks, together with India’s U.S. Ambassador Taranjit Singh Sandhu.

‘Democracies ship’

“This partnership isn’t solely important to our core financial pursuits, but it surely additionally demonstrates to our residents and the world that democracies ship,” Ms. Yellen stated, utilizing a line by U. S. President Joe Biden about democracies delivering.

Finance Minister Nirmala Sitharaman with different delegates through the assembly with U.S. Treasury Secretary Janet Yellen in Washington D.C.
| Picture Credit score: Sriram Lakshman

Ms. Yellen stated the 2 nations confronted headwinds from COVID-19 and Russia’s war on Ukraine, noting the influence these had had on meals and power costs. The Treasury Secretary stated she appeared ahead to discussing how each nations would strengthen provide chains and spend money on clear power.

Ms Yellen additionally stated they might focus on how America is taking steps “to maintain the oil markets well-supplied within the close to time period” given that top oil costs have been affecting shoppers in each nations.

She additionally made a reference to wanting to debate how the U. S. may help India throughout its G20 presidency (beginning in December) and stated the U. S. was “happy” that India was joining the Indo-Pacific Financial Partnership.


Leave a Reply

Your email address will not be published. Required fields are marked *