India-U.S Financial Dialogue includes climate finance first time

The eighth ministerial meeting of the India-USA Economic and Financial Partnership Dialogue was held at Washington DC Friday. The meeting was chaired by Finance Minister Nirmala Sitharaman and the US Secretary of the Treasury, Dr. Janet Yellen. During the meeting, discussions were held on a range of subjects, including the macroeconomic outlook and recovery from the COVID-19 pandemic, financial regulatory and technical collaboration, multilateral engagement, climate finance and anti-money laundering and combating the financing of terrorism.
India and United States affirmed their commitments to continue collaboration both at bilateral and multilateral fora to address mutual and global economic issues and strive towards amicable strategies and solutions.  The meeting concluded with adoption of Joint Statement by both leaders.

The U.S. Treasury and India’s Ministry of Finance launched Economic and Financial Partnership in 2010 as a framework to cement the economic bonds between our two nations and build a foundation for greater cooperation and economic growth in the future. At this meeting of the Economic and Financial Partnership — the first since the onset of the global COVID-19 pandemic — both leaders reiterated that regular and productive dialogue on economic policies is crucial to the U.S.-India relationship and to achieving our shared global future..