New Delhi (NVI): India today hosted the first meeting of BRICS Finance and Central Bank Deputies under its chairship, to share priorities under financial cooperation agenda.
The meeting, which was held virtually, was co-chaired by Tarun Bajaj, Secretary Economic Affairs, Ministry of Finance, and Michael Patra, Deputy Governor, Reserve Bank of India (RBI).
Other participants included BRICS Finance and Central Bank Deputies of Brazil, Russia, China and South Africa. “This was the first meeting on the BRICS Financial Cooperation under India Chairship in 2021,” the Ministry of Finance said in a statement.
During the meeting, India shared priorities under financial cooperation agenda and also issues for discussion during 2021, the ministry said.
The issues include such as global economic outlook and response to Covid-19, social infrastructure financing and use of digital technologies, New Development Bank (NDB) activities, Fintech for SME and financial inclusion, BRICS Contingent Reserve Arrangement (CRA), among others.
India assumed the BRICS Chairship this year, at a time when BRICS is celebrating its 15th anniversary, the statement said.
Under the theme BRICS@15: Intra-BRICS Cooperation, India’s approach is focused on strengthening collaboration through continuity, consolidation and consensus, it added.
-RJV
