Nirmala Sitharaman attends first BRICS Finance Ministers, Central Bank Governors meeting

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday, vember 9, participated in first BRICS Finance Ministers and Central Bank Goverrs (FMCBG) meeting under Russia's Chairmanship. ndas of meeting involved discussions on outcomes of G20 Saudi Presidency in 2020, a digital platform to encour infrastructure investments and expansion of membership of New Development Bank. As per ministry release, finance minister said BRICS members have played an important role in ensuring that concerns of emerging ecomies are properly dressed through various initiatives. 

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Finance Minister dresses issues at BRICS meeting

press release said, " Finance Minister observed that G20, of which all BRICS countries are members, has delivered some very significant initiatives this year including G20 Action Plan in response to Covid-19, which has provided bro guidance to navigate a collective global response to crisis. ditionally, G20 Debt Service Suspension Initiative ensured immediate support to dress liquidity needs of low-income countries." 

It furr ded, " BRICS Finance Ministers and Central Bank Goverrs also discussed expansion of membership of New Development Bank (NDB). Finance Minister supported expansion of membership of NDB and emphasised importance of regional balance. Sitharaman also shared her perspective on Russia's initiative to develop an integrated Digital Platform (Data Room)." 

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Earlier, Lok Sabha Speaker Om Birla h said that BRICS countries need to intensify ir collective fight against terrorism which poses biggest threat to humankind. Birla was virtually dressing meeting of 6th BRICS Parliamentary Forum and stated that funding of all terrorist activities must be stopped immediately and conditions that are conducive to spre of terrorism and violent extremism need to be dressed and resolved at earliest.

Chairman of 6th BRICS Forum and Chairman of State Duma of Federal Assembly of Russia, Vyacheslav Volodin, and Presiding Officers of Parliaments of Brazil, China, and South Africa also dressed forum. me of forum was - "BRICS partnership in interest of global stability, general safety, and invative growth: parliamentary dimension".

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(Im Credits: Twitter/@FinMinIndia)