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Intervention of FM

Dated:- 20-4-2015 - Meeting of BRICS Finance Ministers and Central Bank Governors on 16th April, 2015 Economic recovery from the financial crisis has been relatively weak, and characterized by imbalances and build-up of financial market risks. Even more worrisome is the decline in potential growth in both advanced and emerging economies. Countries are continuing to rely on unconventional monetary policies (UMP) to do the heavy lifting. More importantly, it is imperative to complement the .....

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percent and our deficits have declined significantly. Our current account deficit is one of the lowest in several years. The impact of our reforms appears to be very positive. We are opening markets, easing business activities and placing an emphasis on infrastructure spending as well as radical tax reforms. These reforms have been helped by the reduction in oil prices. A lot will depend on how the world economy will move ahead in the next year. On IMF reforms, we are deeply disappointed at .....

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