Union Finance Minister Nirmala Sitharaman is on an official visit to the US. During this, she is participating in various meetings there. Here the Finance Minister met International Monetary Fund (IMF) MD Kristalina Georgieva and discussed many important issues. Meanwhile, the IMF praised India for helping Sri Lanka.
discussion on the geopolitical situation
During the conversation with the IMF Chief, Finance Minister Nirmala Sitharaman discussed the current geopolitical situation due to the Russo-Ukraine war. Its impact on the global economy and the sharp rise in fuel and electricity prices were the main issues. During this, the IMF Chief mentioned well-targeted Indian policy, which has helped the country's economy to remain resilient even with limited financial means.
The big threat to cryptocurrencies
During the IMF meeting, Finance Minister Nirmala Sitharaman also warned all the countries of the world about the dangers of cryptocurrencies. He said that the biggest risk of cryptocurrencies is that they can be used for money laundering and terror financing. Cautioning all countries, he said that the only way to reduce the risk of cryptocurrencies is to create strict rules and regulations with the use of technology.
IMF praises India
During this, the IMF strongly appreciated the economic policies of India. Christina Georgieva said that India's help in dealing with the biggest economic crisis in the history of Sri Lanka is commendable. Georgieva made these remarks during the IMF-World Bank (WB) spring meeting with Sitharaman in Washington DC.
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