FM Arun Jaitley leaves for Turkey to participate in G-20 meet

NEW DELHI: Finance Minister Arun Jaitley today left for Turkey to participate in a two-day conference of G20 finance ministers and central bank governors, who will take stock of the global economic situation and review the member nations' growth strategies.

G20 ministers and governors at the meeting in Ankara on September 4-5 will exchange views on the recent global economic developments, challenges and collective measures to address them as well.

Reserve Bank of India's Governor Raghuram Rajan will also participate in the meet.

A finance ministry press statement said, Jaitley, who left for Turkey today, will also hold meetings with his counterparts from G20 countries on the sidelines of the meet.

Other members of the grouping include Argentina, Brazil, China, France, Germany, Italy, Japan, Russia, South Africa, Turkey, the UK, the US and the European Union.

The ministers and governors will also review the progress in monitoring and adjustment of G20 growth strategies and evaluate the way forward for G20 investment strategies. They would also discuss the international financial architecture issues, financial regulation, international tax agenda and climate finance issues.

Following the discussions, a communique of the Ankara Meeting will be issued.

Ahead of the ministerial meeting, G20 labour ministers are meeting in Ankara tomorrow to discuss growth and employment issues.

India is represented at that meeting by Labour Minister Bandaru Dattatreya. The meet will discuss strategies to deliver more and better jobs and policies to reduce inequalities to support inclusive growth.

"Finance Minister will leave for home on September 6 and will reach national capital early morning on September 7," the statement added.