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Intervention of Finance Minister on Global Economy and Framework for Strong, Sustainable and Balanced Growth at G-20

Dated:- 20-4-2015 - Following is the text of the Intervention made by the Union Finance Minister Shri Arun Jaitley during his visit to Washington D.C.: Once again the global economic situation requires ambitious policy reforms and international coord .....

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out their extent and eventual normalisation have induced greater volatility and intensified pressures on both emerging market currencies and capital markets. Some EMEs have had to dip into their foreign exchange reserves in order to manage the effect .....

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which will create confidence in EME investors and prevent currency crises. As we have seen from the crises of the 90s in East Asia and Latin America, policies which place the burden of tackling the impact of capital flight solely on affected countri .....

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ure is a structural bottleneck to growth. The increasing monetary base in advanced economies combined with extremely low yields can be leveraged to fulfill the need for channelizing long term finance in the infrastructure sector. The Turkish Presiden .....

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nflation which has been brought down to five percent. Many legislative changes have been made to boost investment, many sectors have been opened up for investment and steps have been taken for easing business and industrial activities. Ambitious taxa .....

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momentum for sustained high growth. The Framework Working Group has decided to crystallize the commitments laid down in the Brisbane growth strategies into few key ones based on their impact on growth and the national priorities of the concerned memb .....

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