Finance minster attended International Monetary and Financial Committee (IMFC) of the IMF Meeting through video conference
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended through video-conference the Plenary Meeting of the International Monetary and Financial Committee, the Ministerial-level committee of the International Monetary Fund (IMF).The discussions at the meeting were based on Global Policy Agenda titled, “Exceptional Times – Exceptional Action”. The members of the IMFC updated the committee on the actions and measures taken by member countries to combat COVID-19, and also remarked on IMF’s crisis-response package to address global liquidity and members’ financing needs.
About International Monetary and Financial Committee (IMFC)
The IMFC meets twice a year, once during the Fund-Bank Annual Meetings in October, and again during the Spring Meetings in April. The Committee discusses matters of common concern affecting the global economy and advises the IMF on the direction of its work. This year, due to the COVID-19 Outbreak, the meeting took place through video-conference.