Regular Dialogue with IMF, Regional Financial Agencies in Needed: PM Modi at G20 Summit

Regular Dialogue with IMF, Regional Financial Agencies in Needed: PM Modi at G20 Summit

At G20 Summit, Prime Minister Narendra Modi highlighted the important points on why a stable global economic and financial system is imperative for growth.

NEW DELHI: PM emphasised that long delayed 15th General Review of Quotas must be completed by 2017 Annual Meetings.

Mr Modi further added that, “We need a regular dialogue between the IMF, Regional Financial Arrangements and Bilateral Swap Arrangements”.

PM professed India’s support for BEPS recommendations and called on countries to commit to the timeline of 2017-2018.

PM also said that, “G20’s efforts should be for zero tolerance for corruption and black money; zero administration, policy and treaty loopholes; zero barriers and full commitment to action”.

PM Modi ended his intervention by stating that, “We need energy to support developmental needs.”

He sought balanced mix of nuclear, renewable energy and fossil fuels at core of our policy. He also thanked all for unreserved support to ISA.