Global Economy, Financial Sector and International Financial Institutions reforms to Dominate G-20 Finance Ministers meeting
FM Leaving tonight for Busan to Participate in G-20 Finance Ministers Meet
Union Finance Minister, Shri Pranab Mukherjee will be leaving tonight to attend the G-20 Finance Ministers Meeting to be held in Busan, South Korea on 4th and 5th June, 2010. During his stay, the Finance Minister will also hold bilateral meetings including one with UK Chancellor of Exchequer. Besides it, the Finance Minister will also attend the four member BRIC (Brazil, Russia, India and China) nations Finance Ministers meeting before participating in the main deliberations of the G-20 Meeting.
The major issues which are likely to come up for discussion during the two-days G-20 Finance Ministers Meeting include recovery of global economy and G-20 Framework for strong, sustainable and balanced growth, financial sector regulatory reforms, International Financial Institutions(IFIs) reforms and Global Financial Safety Nets among others. Other issues likely to dominate in the aforesaid meet include energy subsidy, fossil fuel subsidies and financial inclusion etc. Along with G-20 Finance Ministers Meeting, Central Bank Governors’ Meeting will also be held in Busan during this period.
The Indian delegation which will be led by Finance Minister, Shri Pranab Mukherjee include Shri Ashok Chawla, Finance Secretary and other senior officials of the Ministry of Finance.
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