West indian countries

Several countries are concerned about fallout from decisions by developed countries, says Sitharaman

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Union Finance Minister Nirmala Sitharaman pays six-day visit to US

Union Finance Minister Nirmala Sitharaman pays six-day visit to US

During the just-concluded annual meetings of the International Monetary Fund and the World Bank, several countries, including India, expressed concern over the spillover effects of political and economic decisions by developed countries, the Minister of Foreign Affairs said. Union Finance, Nirmala Sitharaman.

The minister said she raised the issue prominently in her meetings here.

Earlier this week, Ms Sitharaman said that in the short term, advanced nations must take responsibility for the global fallout from their political and economic decisions and put in place safety nets rather than imposing sanctions on nations that fail to do so. are merely fulfilling their moral and economic obligations. democratic obligations for their people.

His remarks came following pressure from Western countries led by the United States to reduce their oil purchases from Russia and warning other nations that they would face sanctions if they continued to do so.

In an interaction with a group of Indian journalists here on Saturday, she said she has also raised the issue in her bilateral and multilateral meetings.

“I also repeated it in some meetings inside,” she said in response to a question.

“I didn’t particularly notice a minister and his reaction, but I said this. And incidentally, in another meeting, Sri Mulyani (Indrawati, Finance Minister of Indonesia) also expressed it. Maybe one or two of the countries also expressed it If I’m not mistaken, maybe Nigeria’s finance minister also expressed it,” she said.

“There are several others who have also said so (…) that the unintended consequences of certain measures taken, or the fallout (effects) of policies definitely harm our countries,” she added.

Ms Sitharaman is on a six-day visit to the United States, which began on October 11. In addition to attending the IMF and World Bank annual meetings, she held bilateral meetings with her counterparts from several countries during the visit.

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