Jait­ley to Leave for US To­mor­row

The Economic Times - - Companies -

Fi­nance min­is­ter Arun Jait­ley will on Tues­day em­bark on a10-day US tour dur­ing which he will par­tic­i­pate in the IMF-WB meet­ing, ad­dress a UN ses­sion on drug prob­lem and in­ter­act with in­vestors. In the first leg of his US tour, Jait­ley will be in Wash­ing­ton to at­tend the Spring Meet­ings of the In­ter­na­tional Mone­tary Fund and the World Bank.

Dur­ing his stay in Wash­ing­ton, the min­is­ter is also likely to meet the of­fi­cials of the US ad­min­is­tra­tion, sources said. The Spring Meet­ings will take stock of the global eco­nomic sit­u­a­tion, which is yet to show signs of im­prove­ment. IMF in its Jan­uary up­date on World Eco­nomic Out­look had low­ered the world growth pro­jec­tion for 2016 to 3.4% from 3.6%. For 2017 also, it cut the forecast to 3.6% from 3.8%. The Spring Meet­ings will also be at­tended by RBI Gover­nor Raghu­ram Ra­jan and Chief Eco­nomic Ad­vi­sor Arvind Subra­ma­nian. Jait­ley will leave Wash­ing­ton for New York on April 17. Dur­ing his sec­ond leg of his US trip, he will ad­dress a Spe­cial Ses­sion of the United Na­tions on the World Drug Prob­lem on April 19.

In New York, Jait­ley will hold meet­ings with busi­ness com­mu­nity and in­vestors. The fi­nance min­is­ter will hard sell In­dia as an at­trac­tive in­vest­ment des­ti­na­tion and also seek fund­ing for Na­tional In­vest­ment and In­fra­struc­ture Fund, In­dia's maiden sov­er­eign wealth fund.— PTI


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