Key Points
India's Finance Minister, Nirmala Sitharaman, expressed India's interest in collaborating with the International Monetary Fund (IMF) to support developing countries in mobilizing domestic resources..
This aligns with the G20 New Delhi Leaders' Declaration, which called for enhanced domestic resource mobilization in emerging markets and developing economies.ReutersSitharaman on Wednesday expressed India's keenness to engage with IMF to work with developing countries in facilitating domestic resource mobilisation as endorsed by G20 leaders.. Finance Minister Nirmala Sitharaman on Wednesday expressed India's keenness to engage with IMF to work with developing countries in facilitating domestic resource mobilisation as endorsed by G20 leaders..
Last month, the G20 New Delhi Leaders' Declaration urged the IMF and the World Bank, in coordination with other relevant international institutions, to support efforts at enhancing domestic resource mobilisation in emerging markets and developing economies (EMDEs)...
During the meeting with International Monetary Fund (IMF) managing director Kristalina Georgieva on the sidelines of the Annual Meetings of IMF-WB, in Marrakech, Morocco, Sitharaman thanked IMF for support during the G20 India Presidency, including Digital Public Infrastructure (DPI) related work and promotion for tech-driven economic growth and productivity gains...
The panel, comprising the Finance Deputies from Indonesia, the UK, the UN, and the World Bank, highlighted the feasibility and potential impact on developing countries of strategic responses, such as the adoption and design of optional provisions in the two-pillar package, the use of simplified approaches to protect the corporate tax base, and redesign of investment tax incentives...
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