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Finance Minister Shri Arun Jaitley chaired the Commonwealth Finance Ministers Meeting as well as the Governing Council Meeting of the BRICS Contingent Reserve Arrangement (CRA) both held at IMF Headquarters in Washington D.C. yesterday;

News and Press Release - Dated:- 7-10-2016 - In presence of FM, Standard Chartered Bank and Bank of Baroda signed an MoU on Commonwealth Small States Trade Finance Facility to make available up to US $100 million of incremental trade finance over a period of three years; India also pledged £1,022,100 to Commonwealth Fund for technical cooperation. The Union Finance Minister Shri Arun Jaitley chaired the Commonwealth Finance Ministers Meeting held at IMF Headquarters in Washington D.C. yest .....

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ental trade finance over a period of three years. During the meeting, as part of the voluntary contributions, India also pledged £1,022,100 to Commonwealth Fund for technical cooperation. The Finance Minister Shri Arun Jaitley also chaired the Governing Council Meeting of the BRICS Contingent Reserve Arrangement (CRA). While addressing the gathering, the FM announced that the CRA is now operational and BRICS member central banks are fully ready to carry out the transactions. Members welcom .....

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