Jaitley leaves for US tomorrow to attend WB, IMF, G20 meets

Jaitley leaves for US tomorrow to attend WB, IMF, G20 meets

Finance Minister Arun Jaitley will on Wednesday leave for a five-day visit to the U.S. to attend the Spring Meetings of the International Monetary Fund and World Bank, an official said.

Jaitley will be accompanied by an official delegation comprising Shaktikanta Das, Secretary, Department of Economic Affairs (DEA); Dr. Arvind Subramanian, Chief Economic Adviser (CEA) and a team of RBI officials led by RBI Governor Urjit Patel.

On April 20, he will be briefed by the Executive Director (Indian Constituency) of World Bank and Executive Director (Indian Constituency) of International Monetary Fund.

During his stay in Washington and NY, he will hold meetings with American CEOs and institutional and pension fund investors, where he will pitch India as a favourable investment destination. Das will also participate in the meeting, according to an official statement.

On April 21, Jaitley, along with the RBI Governor and Economic Affairs Secretary, will participate in the G-20 meeting on financial sector development and regulations and other issues, the statement added.

In the afternoon, the Finance Minister along with Governor RBI and Secretary (Economic Affairs) will participate in IMFC Introductory Session on Global Development and Prospects. This will be followed by a session on Early Warning Exercise.

On April 22 the Finance Minister will participate in IMFC restricted Breakfast Session and will take part in the IMFC Plenary Session along with Governor RBI and Secretary (Economic Affairs) among others.

Thereafter, the Finance Minister will hold a meeting with his US counterpart and the US Secretary of Treasury, Steven Mnuchin.

On Sunday, April 23, the Finance Minister and Secretary (Economic Affairs) will leave for NY and participate in the dinner hosted by the President of the Federation of Indian Chambers of Commerce and Industry (FICCI).

On April 24, Jaitley will have an interaction with the Council for Foreign Relations, followed by meetings with institutional and long-term investors.

Arun Jaitley is likely to meet the Editorial Board of New York Times before leaving for Moscow on April 24 evening.

Jaitley, who has additional charge of the Defence portfolio, will hold bilateral discussions in Moscow to boost India-Russia military ties.