Washington
Arun Jaitley, the Union Finance Minister, has chaired the Commonwealth Finance Ministers’ Meeting at the International Monetary Fund (IMF) headquarters in Washington DC, United States. During the meeting, two important issues- the “Economics of Climate Change and Financing Climate Adaptation and Mitigation” and “International Taxation-a Commonwealth Conversation around the Panama Papers” were discussed and deliberated. Apart from this, Jaitley also chaired the Governing Council meeting of the BRICS’Contingent Reserve Arrangement (CRA). The CRA is a framework for the provision of support through liquidity and precautionary instruments in response to actual orpotential short-term balance of payments pressures.