PIB | 06 Jun, 2022
Union
Minister for Finance & Corporate Affairs Nirmala Sitharaman
participated via virtual mode in the second BRICS Finance Ministers and
Central Bank Governors (FMCBG) meeting under the BRICS China
chairmanship, on Monday in New Delhi.
The agenda of the meeting included discussions
on outcomes of BRICS Financial Cooperation agenda for 2022. This
included discussion on BRICS Joint Finance Ministers and Central Bank
Governors Statement, Infrastructure Investments, New Development Bank
and BRICS Think Tank Network for Finance.
Sitharaman
observed that BRICS should continue to serve as a platform to engage in
dialogues and facilitate exchange of experiences, concerns and ideas
for rebuilding a sustainable and inclusive growth trajectory.
Speaking
on India’s growth outlook, the Finance Minister shared that India’s
economic growth will continue to be supported by fiscal spending along
with an investment push, imparting momentum to the economy based on the
idea of growth at macro level complemented by all inclusive welfare at
micro level.
The
BRICS Finance Ministers and Central Bank Governors also discussed other
legacy BRICS Finance issues such as Infrastructure investment, New
Development Bank (NDB), BRICS Contingent Reserve Arrangement (CRA) etc.
