FM to Address the Meetings of Commonwealth Finance Ministers, G-20 Finance Ministers and the Ministerial Panel on Climate Finance;

to Hold Bilateral Meetings with President, World Bank and the Finance Ministers of Other Participating Countries;

Role of World Bank and 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), Implementation of the 2010 IMF Quota and Governance Reforms are High on Agenda

The Finance Minister Shri Arun Jaitely 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. Dr. Raghuram Rajan, Governor, RBI, Shri Shaktikanta Das, Secretary, Department of Economic Affairs and Dr. Arvind Subramanian, Chief Economic Adviser (CEA) and other senior officials are also part of the Indian delegation.  During his visit, the Finance Minister Shri Arunn 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. Shri Jaitley will also hold bilateral meetings with 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 Shri Jaitley will return to national capital on 14th October, 2015 after his 10 day visit to USA and Peru.

Multilateral finance coordination advances SDG financing, shareholding review and governance reforms at IMF and World Bank meetings. The Finance Minister led India's delegation to the IMF and World Bank Annual Meetings in Lima to pursue multilateral finance coordination, addressing SDG financing, World Bank shareholding review, changes to IDA financing structures, measures to strengthen global recovery and financial stability, and the implementation stalemate of the 2010 IMF quota and governance reforms, supplemented by bilateral meetings with the World Bank President and other finance ministers.