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Mayaram leaves for US tonight to attend IMF-WB meetings

Mayaram leaves for US tonight to attend IMF WB meetings Finance Secretary Arvind Mayaram will leave for US tonight to participate in annual meetings of the IMF and the World Bank scheduled for October 10-12.

“Finance Secretary Arvind Mayaram will leave for US today to attend the annual meetings of IMF and World Bank,” a senior finance ministry official said.

Finance Minister Arun Jaitley, who has not been keeping good health, will skip the ministerial meetings.

The annual meetings of IMF and World Bank take stock of the global economic situation and try to build a consensus on future course of action to deal with the issues. Besides, the long-pending issue of quota reforms will also come up for deliberations.

Reserve Bank of India Governor Raghuram Rajan and Deputy Governor Urjit Patel will also attend the IMF and World Bank annual plenary meetings.

Earlier this year in July, IMF lowered global growth forcast for 2014 to 3.4 per cent, below it April forecast of April 3.7 per cent.

– PTI