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Sitharaman requests changes to IMF policy in response to concerns about the global economic slump

<p>Despite the fact that India continues to be the largest economy with the quickest growth rate, Nirmala Sitharaman, the minister of finance, voiced alarm about the slowdown in global growth on Saturday. She noted that growth in India’s first quarter of 2023–2024 was 7.8%.<img decoding=”async” class=”alignnone wp-image-237245″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sitharaman-requests-changes-to-imf-policy-in-response-to-concerns-about-the-global-750×422.jpg” alt=”theindiaprint.com sitharaman requests changes to imf policy in response to concerns about the global” width=”1397″ height=”786″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sitharaman-requests-changes-to-imf-policy-in-response-to-concerns-about-the-global-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sitharaman-requests-changes-to-imf-policy-in-response-to-concerns-about-the-global-1024×576.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sitharaman-requests-changes-to-imf-policy-in-response-to-concerns-about-the-global-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sitharaman-requests-changes-to-imf-policy-in-response-to-concerns-about-the-global-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sitharaman-requests-changes-to-imf-policy-in-response-to-concerns-about-the-global-150×84.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sitharaman-requests-changes-to-imf-policy-in-response-to-concerns-about-the-global.jpg 1280w” sizes=”(max-width: 1397px) 100vw, 1397px” title=”Sitharaman requests changes to IMF policy in response to concerns about the global economic slump 12″></p>
<p>She emphasized the growing risks associated with global debt, the significance of the Global Sovereign Debt Roundtable in fostering collaboration on debt concerns, and changes to IMF policy that would better support members who were experiencing financial hardship.</p>
<p>She made this statement while in Marrakech, Morocco, for the IMF Board of Governors’ Restricted Breakfast Meeting with the subject “Dialogue on Policy Challenges.”</p>
<p>She reaffirmed her commitment to a robust, quota-based IMF at the center of the global financial safety net as well as to climate action based on the principles of shared but distinct duties and distinctive capacities.</p>
<p>In the spirit of “Vasudhaiva Kutumbakam” – One Earth, One Family, One Future, Sitharaman emphasized that a coordinated response from the international community would encourage multilateralism.</p>
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