Finance Minister meets IMF Chief Georgieva; discusses India's growth trajectory

During her visit to the US Finance Minister Nirmala Sitharaman has discussed the global economic outlook and Indias evolving growth trajectory with International Monetary Fund IMF Managing Director Kristalina Georgieva according to news agency PTISitharaman met Georgieva on the sidelines of the G20 Finance Ministers and Central Bank Governors FMCBG Meeting in AshevilleThe discussion also covered the structural shifts underway in India and the importance of appropriately reflecting these developments in macroeconomic assessments and growth projections the Finance Ministry said in a statementThe IMF Chief Georgieva on social media platform X said Excellent exchange of views with Indias Finance Minister nsitharaman reflecting on Indias stellar growth performance the global outlook and our shared resolve to work evermoreclosely togetherExcellent exchange of views with Indiarsquos Finance Minister nsitharaman reflecting on Indiarsquos stellar growth performance the global outlook and our shared resolve to work evermoreclosely together pictwittercomm0hKmuGZ2Bmdash Kristalina Georgieva KGeorgieva September 1 2026With India posting a higher than anticipated 78 per cent GDP growth for Q1FY27 she appreciated Indias strong economic performance and track record noting the strength built by the Indian economy the Finance Ministry statement saidIndiaIMF collaboration to support economic resilienceSitharaman highlighted Indias strong macroeconomic fundamentals and the importance of robust evidencebased surveillance frameworks that adequately reflect structural shifts in Emerging Markets Developing Economies EMDEsThe discussions between the Finance Minister and the IMF chief also revolved around IMFs capacity development initiatives including support for strengthening institutional capacity macroeconomic policymaking and statistical systems in EMDEsThey highlighted the importance of continued IndiaIMF engagement in strengthening analytical capabilities supporting sound macroeconomic policies and contributing to global economic resilienceThe Finance Minister is participating in the G20 FMCBG meeting and associated engagements in Asheville during her sixday visit to US from August 29 to September 2Sitharaman meets World Bank Group Chief to deepen tiesShe also met the World Bank Group President Ajay Banga on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in AshevilleThe Finance Minister and the World Bank Group Chief discussed evolving the partnership between India and the financial institution from a traditional lenderborrower relationship towards a strategic platform for global knowledge innovation and private capital mobilisation combining Indias scale and implementation capacity with the World Bank Groups global expertise and financing instrumentsThe two leaders discussed further strengthening the IndiaWorld Bank Group partnership including exploring a larger role for MIGA Multilateral Investment Guarantee Agency in India to deepen corporate infrastructure and municipal bond markets through systematic use of guarantees and greater mobilisation of private capital the Finance Ministry saidThe discussions between Sitharaman and Banga also covered a sectorbased programmatic approach to credit enhancement for infrastructureWith inputs from PTI