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Subhash Chandra Garg represents India in first meeting of BRICS Finance Ministers and Central Bank Governors

The first meeting of the BRICS Finance Ministers and Central Bank Governors was held on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C on 19th April, 2018. The Government of India (GoI) was represented in the meeting by Subhash Chandra Garg , Secretary of Department of Economic Affairs (EA). The main issues ..

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Financial Sector Assessment Program

The Financial Sector Assessment Program (FSAP), established in 1999, is a comprehensive and in-depth analysis of a country’s financial sector. It is a joint program of the International Monetary Fund and the World Bank It is a key instrument of the Fund’s surveillance and provides input to the Article IV consultation. India’s FSAP was initially ..

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Argentina hosts first G20 meeting of Finance Ministers and Central Bank Governors of 2018

The first G20 meeting of finance ministers and central bank governors was held at the Center of Exhibitions and Conventions (CEC) in Buenos Aires, Argentina on March 19-20, 2018 with the presence of 57 delegations from countries and institutions. The summit gathered 22 finance ministers, 17 central bank governors and 10 heads of international organisations, ..

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European Bank for Reconstruction and Development approves India’s membership

The European Bank for Reconstruction and Development (EBRD) has recently approved India’s membership after its shareholders gave their nod to make India its 69th member. The formal membership process will now get underway, which includes the purchase of shares by India at an estimated cost of around €1 million. The London-headquartered EBRD is a multilateral ..

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Urjit Patel appointed as advisory board member of Financial Stability Institute (FSI) of BIS

RBI Governor Urjit Patel has been appointed as advisory board member of the Financial Stability Institute (FSI) of the Bank of International Settlement (BIS). The FSI assists financial sector authorities worldwide in strengthening their financial systems. The FSI was jointly created in 1998 by the BIS and the Basel Committee on Banking Supervision. Among other ..

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