Nirmala Sitharaman with Janet Yellen (R) in 2014 (Photo by WILLIAM WEST/AFP via Getty Images)
US TREASURY secretary Janet Yellen and Federal Reserve Board chairman Jerome Powell is set to meet their Indian counterparts Indian finance minister Nirmala Sitharaman and Reserve Bank of India governor Shaktikanta Das this week to speak over a range of issues, including economic recovery from Covid-19 pandemic and financial regulation to climate finance, a well-placed source in the treasury department said.
The meeting will mark the eighth gathering of the US-India Economic and Financial Partnership and the first such event since the pandemic started, the source added. It also said that the meeting emphasises on the growing importance of the US-India relationship and rising economic and financial ties between the two countries.
The talks will happen on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Washington DC. The occasion will also see a meeting of officials from the member states of the G20 bloc. Both India and the US belong to the bloc.
The treasury department source said both the American and Indian officials will dedicate one session to climate change, reflecting Yellen’s commitment to progress in combating climate change and her view about the critical role that climate finance can play in fulfilling that goal.