India-China Finance Ministers met on sidelines of G20 FMCBG meeting

Gandhinagar: Union Finance Minister Smt. Nirmala Sitharaman and Mr Liu Kun, Finance Minister of China, met on the sidelines of the 3rd G20 Finance Minister and Central Bank Governors G20 FMCBG meeting in Gandhinagar.

The Ministers discussed G20Finance agenda items in the context of the ongoing G20 meeting. Minister Liu Kun appreciated India’s leadership in G20 and stated that a lot of results have been achieved so far. 

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Key discussion items included deliverables under G20 India Presidency, including strengthening MDBs, Global Debt vulnerabilities and GPFI. 

Minister Liu Kun also appreciated work of the G20 Independent Expert Group for Strengthening MDBs setup under G20 India Presidency.

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Union Finance Minister Smt. Sitharaman appreciated China's efforts as co-chair of the Sustainable Finance Working Group throughout under the G20 India Presidency. 

The Ministers also discussed the state of their economies, inflation, trade and recognised the importance of a good business environment for economic growth and development.

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