FM Nirmala Sitharaman talks global debt issues with Chinese peer

Finance minister Nirmala Sitharaman Tuesday met her Chinese counterpart Liu Kun and discussed various issues under India’s G20 presidency, including strengthening multilateral development banks and global debt vulnerabilities.

Both ministers met on the sidelines of the ongoing third G20 Finance Minister and Central Bank Governors meeting and discussed the state of their economies, inflation, trade and recognised the importance of a good business environment for economic growth.

Liu Kun appreciated India's leadership in G20 and said a lot of results have been achieved so far, the finance ministry said in a tweet.


"Key discussion items included deliverables under #G20India Presidency, including strengthening #MDBs, #GlobalDebt vulnerabilities and #GPFI. Minister Liu Kun also appreciated the work of the G20 Independent Expert Group for Strengthening MDBs setup under #G20India Presidency," the tweet said.