Finance Minister Nirmala Sitharaman, speaking at the Development Committee Meeting of the World Bank in Washington DC, said that India’s economy is growing at the rate of 8.9% in the current year, which is the highest among all large economies. However, RBI governor Shaktikanta Das had pegged it at 7.2% for the current year, after a revision from 7.8% announced in February.
During the same spring session of the IMF and the World Bank Group, Sitharaman had said on cryptocurrency that, “the biggest risk for all countries across the board will be the money laundering aspect and also the aspect of currency being used for financing terror".
She had also appealed to the IMF to provide urgent financial assistance to Sri Lanka, before which the body has said that Colombo must “restructure” its foreign loans. The Fund’s country director Masahiro Nozaki said "Approval of an IMF-supported program for Sri Lanka would require adequate assurances that debt sustainability will be restored."
The FM had spoken to IMF Managing Director Kristalina Georgieva on the Sri Lankan economic crisis and with her bilateral counterpart Ali Sabry to discuss the same and was reportedly assured by Georgieva that the IMF would actively engage with Sri Lanka.
While attending the G20 Finance Ministers and Central Bank Governors (FMCBG) presided by Indonesia in Washington on April 20th, she had noted that “global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty,” as per a finance ministry tweet.
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