<h1>Financial Action Task Force must ensure implementation of anti terrorist financing laws and act against states supporting terrorism.</h1> The Finance Minister urged Financial Action Task Force (FATF) to ensure effective implementation of laws against terrorist financing, to take action against states sponsoring or hosting terrorist infrastructure, and to address offshore tax evasion and avoidance; the note also records progress on FATCA information sharing, concerns about sluggish global growth and financial headwinds, calls for strengthened global financial safety nets and coordinated policy, and reports that the New Development Bank has commenced operations approving initial renewable energy projects including an India on lending facility.