Question

Who represented india in the first meeting of the brics finance ministers and central bank governors?

Answer 1

The first meeting of the BRICS Finance Ministers and Central Bank Governors was held on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C on 19th April, 2018. The Government of India (GoI) was represented in the meeting by Subhash Chandra Garg , Secretary of Department of Economic Affairs (EA). The main issues discussed were related to increasing of the project pipelines of New Development Bank (NDB) evenly across member countries, expansion of NDB’s membership, the proposal of the South African Presidency for setting up a working group on illicit financial flows and a BRICS Task Force on Public Private Partnership. Issues related to BRICS Contingent Reserve Arrangement (CRA) as well as BRICS Bond Fund were also discussed.

Answer 2

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The meeting was jointly Chaired by Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman and Governor, Reserve Bank of India, Shri. Shaktikanta Das. Participants included Finance Ministers and Central Bank Governors of the BRICS countries.